7.2 Study the scenario below and answer the following ques…

7.2 Study the scenario below and answer the following question.           Malcolm Grace recently started working and overheard his colleagues talking about a statement of net worth. He provides you with the following summary of his possessions and debts:   Computer: R6 500,  Vehicle: R58 000,  Furniture: R35 500,                Credit card: R6 350,  Cash in the bank: R5 120,  Loan: R19 435,              Clothing account: R1 655,  Cell phone: R2 500