= chequing account +savings account + US savings account + cash = 3100+ 3250+500+200 = $7050
Current asset = liquid asset + stock
= 7050
Current liability= furniture loan + credit card balance
= 2650+3275
=5925
CR= 7050/5925
= 1.19
Total assets = furniture + TFSA +car+ RRSP +investments + motorcycle + current asset
= 7550+12600+20200+100550+6500+3900 + 7050
= 158350
Total liability = current liability + motorcycle loan +student loan + car loan
= 5925 + 1200+10000+13350
=30475
Net worth = 158350-30475= $127875
= 1.19
Mini-Case C: (2 marks-.5 marks each) Jasmine lives on her own. She is currently renting but...
this is all the information given Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple in their mid-30s, have two children - Paul age 6 and Marcy age 7. The Douglas' do not have substantial assets and have not yet reached their peak earning years. Jeff is a general manager of a jewelry manufacturer in Providence, RI while Mary teaches at the local elementary school in the town of Tiverton, RI. The family needs both incomes to meet their...