1. Jennifer Pontesso, from Lincoln, Nebraska, wants to better understand her financial situation. Use the following balance sheet and cash flow statement information to determine her net worth and her net surplus for a recent month. Liquid assets: $8,000; home value: $240,000; monthly mortgage payment: $1,250 on $180,000 mortgage; investment assets: $75,000; personal property: $20,000; total assets: $343,000; short-term debt: $3,360 ($280 a month); total debt: $183,360; monthly gross income: $10,000; monthly disposable income: $7,000; monthly expenses: $5,500. Round your answers to the nearest dollar.

Net worth: $  

Net surplus: $ 

2. Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $12,000; home value: $200,000; monthly mortgage payment: $1,350; investment assets: $95,000; personal property: $18,000; total assets: $325,000; short-term debt: $3,000 ($250 a month); long-term debt: $160,000 ($2,100 a month); total debt: $163,000; monthly gross income: $10,000; monthly disposable income: $6,600; monthly expenses: $7,000. Calculate the ratios below. Round your answers to two decimal places.

1. Liquidity ratio.

2. Asset-to-debt ratio.

3. Debt-to-income ratio.

4. Debt payments-to-disposable income ratio.

5. Investment assets-to-total assets ratio.

3. Cody Sebastian, of Lubbock, Texas, earns $60,000 a year. He pays 28 percent of his gross income in federal, state, and local taxes. He has fixed expenses in addition to taxes of $2,000 per month and variable expenses that average $1,400 per month. What is his net cash flow (surplus or deficit) for the year? Enter negative values with minus sign. Round your answer to the nearest dollar.