Tuesday, May 20, 2008


BOB post.... I found this unit pretty easy since it's just like a review from Accounting class; debit and credit, owner's equity etc. The only thing i found abit confusing was when to use the TVMSolver (when to change it from END to BEGIN) I still don't quite understand it, and i hope we can go through it in class. Other than that, all i need to do is look back at my notes.

Net Worth = Assets - Liabilities

Debt/Equity Ratio = (Total Liabilities - Mortgage) / Net Worth

Good luck

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