(b) Using the data from the cash-fl ow statement developed by Harry and Belinda, calculate a basic...
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(b) Using the data from the cash-fl ow statement developed by Harry and Belinda, calculate a basic liquidity ratio, asset-to-debt ratio, debt service-to-income ratio, debt payments-to-disposable income ratio, and investment assets-to-total assets ratio. What do these ratios tell you about the Johnsons’ fi nancial situation? Should Harry and Belinda incur more debt?
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