Use the Following Information to Determine Bill's Solvency Ratio

question 39

Multiple Choice

Use the following information to determine Bill's Solvency Ratio.
Total net worth: $150,000
Cash surplus: $15,000
Income after taxes: 105,000
Total assets: $300,000

• A) 14.29%
• B) 50%
• C) 2
• D) None of the above

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