Raymond feels that he is wealthy because he has $10000 cash in the bank,two expensive cars worth about $100000 ,and a house worth $1 million.However,he also carries a $25000 credit card liability and has a $40000 bank loan due within six months.What financial problem does Raymond have?
A) Fixed assets are too high.
B) Total net worth is too low.
C) Current ratio is too low.
D) Liquidity ratio is too low.
Correct Answer:
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