1 andys yearly income is 40000 according the 2010 rule what, Ask an Expert

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1. Andy's yearly income is $40,000. According the 20/10 rule, what would Andy's debt load be on a $15,000 personal loan? Would Andy's debt loan follow the guidelines of the 20/10 rule? Provide a reason for your answer

2. The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $2619 and current liabilities of $1351. The December 31, 2010, balance sheet showed current assets of $2240 and current liabilities of $1196. What was the company’s 2010 change in net working capital, or NWC?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92795940

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