Natalie and Brian visited your office today. They are both in their early 30s and have two

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Natalie and Brian visited your office today. They are both in their early 30s and have two children with one on the way. During your meeting they provide you with the following financial information:

image text in transcribed Which of the following is true?

a. The housing ratio 1 (basic) is within the normal range.

b. The housing ratio 2 (broad) is within the normal range.

c. The debt to total assets ratio is 25%.

d. There are not enough facts to determine the net worth to total assets ratio.

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Fundamentals Of Financial Planning

ISBN: 9781936602094

3rd Edition

Authors: Michael A Dalton, Joseph Gillice

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Question Posted: Sep 11, 2024 09:01 AM

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Natalie and Brian visited your office today. They are both in their early 30s and have two

Question:

Gross Income per Year - $150,000 Housing Costs per Year (P & I and T & I) - $24,000 Other Debt Payments per Year - $50,000 $300,000 Total Assets Total Debt - $200,000

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Fundamentals Of Financial Planning

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