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Question: li wei wants you prepare his balance sheet to calculate...

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Li Wei wants you prepare his balance sheet to calculate his solvency ratio,  and liquidity ratio He has provided you with the following financial information: Apartment $400,000; Interest Only Mortgage Loan $325,000; Car $25,000; Annual Salary $60,000; Furniture and personal property $16,000; personal loan $12,000 (half due this year and half next year); money in savings account $2,600; Money in 12 month term deposit account $5,000.

a) What is Li Wei’s Solvency Ratio (rounded to the nearest %)?

b) What is Li Wei’s Liquidity Ratio (rounded to the nearest %)?

c) What are Li Wei’s Current Assets and current Liabilities?

d) What are Li Wei’s Non-current assets and Total Liabilities?

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