Which of the following is generally true about the calculation of an individual's equity or net worth ratio?
A) For a young person or couple, it is expected that their equity ratio would be relatively low as they are likely to have a relatively high level of debt.
B) For a young person or couple, it is expected that their equity ratio would be relatively high as they are likely to have a relatively low level of debt.
C) The ratio shows the percentage of net worth to total assets.
D) Both a and c
Correct Answer:
Verified
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