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Terry Dactal has compiled the financial information displayed below. Which of the following is Terry’s net worth?

Terry Dactal has compiled the financial information displayed below. Which of the following is Terry’s net worth?

Salaries $72,400 Credit Card Balance $8,600
Cash on Hand $1,500 Utilities paid to date $8,450
Coin Collection $2,350 Jewelry Value $8,500
Home value $335,000 Auto loan balance $14,300
Stock Portfolio $18,500 1967 Ford Mustang value $40,900
Grocery Expenses $7,550 Checking account $3,200
Mortgage Balance $278,600 Property Taxes owed $1,750
Mortgage loan payments made $19,500 Student loan balance $26,200
New York vacation expenses paid $4,200 Auto loan payments paid $6,600
Income taxes paid-to-date $9,100 Clothing/entertainment expense $5,000
Interest Earned $400 Insurance premiums paid $5,500
       
   

 

     
     
   

 

 

QUESTION 2

Which of the following is Terry's cash surplus/deficit?

   

$ 13,800

   

$ 6,900

   

$ 7,100

   

$ 10,500

1 points   

QUESTION 3

If Terry had a solvency ratio of 42% the previous year, which of the following statements is correct?

   

there is a slight improvement from the previous year

   

there is a drastic improvement from the previous year

   

there is a slight decline from the previous year

   

there is a drastic decline from the previous year

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