Jamie McFarland Has Determined That the Value of Her Liquid

question 68

Multiple Choice

Jamie McFarland has determined that the value of her liquid assets is $4,500,the value of her real estate is $128,000,the value of her personal possessions is $62,000,and the value of her investment assets is $73,000.She has also determined the value of her current liabilities is $5,700 and the value of her long-term liabilities is $89,000.What is the total value of her debts?

• A)$267,500
• B)$94,700
• C)$162,000
• D)$205,500
• E)$172,800

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Definitions:

Accounts Receivables

Assets of a business representing money owed by customers for goods or services that have been delivered but not yet paid for.

Use of Funds

An explanation of how money will be spent, typically within a business or project framework.

Return on Equity

A measure of a company's profitability by revealing how much profit a company generates with the money shareholders have invested.

Return on Assets

A profitability ratio that indicates how efficiently a company is using its assets to generate earnings.