Homework Clinic

Social Science Clinic => Business => Finance => Topic started by: torybrooks on Nov 11, 2019

Title: Raymond feels that he is wealthy because he has cash in the bank, two expensive cars worth about , ...
Post by: torybrooks on Nov 11, 2019
Raymond feels that he is wealthy because he has cash in the bank, two expensive cars worth about , and a house worth $1 million. However, he also carries a credit card liability and has a bank loan due within six months. What financial problem does Raymond have?
Fixed assets are too high.
Current ratio is too low.
Total net worth is too low.
Liquidity ratio is too low.
Title: Raymond feels that he is wealthy because he has cash in the bank, two expensive cars worth about , ...
Post by: bhavsar on Nov 11, 2019
Current ratio is too low.
Title: Re: Raymond feels that he is wealthy because he has cash in the bank, two expensive cars worth about
Post by: Peng Molly on Feb 29, 2020
Thank you