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Business, 10.12.2020 07:50 acavalieri72

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Russ and Sandy are a young 30 something couple who have accumulated a lot of assets in a short amount of time. At
the same time, they also have some debt. Let's take a look:
Assets
Liabilities
Home valued at $478,000

1. What is the value of their large assets?
2. What is the value of their liquid assets?
3. There are 50,000 outstanding shares of litmus. What is their ownership percentage of Litmus? (Hint; Use the percent of ownership formula)
4. What is the value of their personal possessions
5. What is the total value of their assets?
6.What is the value of their major liabilities?
7. What is the value of their minor (personal) liabilities?
8. What is their total liability?
9. What is their total net worth?
10. List Russ and Sandy’s liquid assets.


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