5. Determine the net worth and debt equity ratio for each of the following situations and describe their financial situation. a. Betty's assests are worth $240 000.0. She has a mortgage worth $120...

Extracted text: 5. Determine the net worth and debt equity ratio for each of the following situations and describe their financial situation. a. Betty's assests are worth $240 000.0. She has a mortgage worth $120 000.00 and a car loan for $17 000. b. Jim has a house worth $350 000, investments worth $65 000 and a car worth $21 000. He has a mortgage for $202 000, a car loan for $17000, a line credit with $9000 on it and two credit cards with a total of $7500 on them. c. Jay and Jane pay rent of $1500 per month, a total of $8000 in RRSP's and two cars, one worth $16 000 and one worth $10 000. They have car loans worth $4000 and $6000 as well as student loans totally $12 000.