60.1K

Verified Solution

Link Copied!

please help, please show your work your formula

4. Use the following financial information for James and Elizabeth. - Long-Term Liabilities: $290,000 - Investment Assets: $120,000 - Current Liabilities: $65,000 - Cash and Cash Equivalents: $95,000 - Personal Use Assets: $280,000 Please note that they are married, and both are 30 years old. a) Prepare a pie chart to visually depict their current balance sheet. b) Utilizing the targeted benchmarks, i. Do you think their net worth is enough for their age group? Explain. ii. Do you think their cash and cash equivalents are enough for their age group? Explain. iii. Do you think their long-term liabilities is enough for their age group? Explain. iv. Do you think their investment assets is enough for their age group? Explain. 4. Use the following financial information for James and Elizabeth. - Long-Term Liabilities: $290,000 - Investment Assets: $120,000 - Current Liabilities: $65,000 - Cash and Cash Equivalents: $95,000 - Personal Use Assets: $280,000 Please note that they are married, and both are 30 years old. a) Prepare a pie chart to visually depict their current balance sheet. b) Utilizing the targeted benchmarks, i. Do you think their net worth is enough for their age group? Explain. ii. Do you think their cash and cash equivalents are enough for their age group? Explain. iii. Do you think their long-term liabilities is enough for their age group? Explain. iv. Do you think their investment assets is enough for their age group? Explain

Answer & Explanation Solved by verified expert

See Answer