1. Calculate Thabo's liquidity ratio 2. Calculate Thabo's savings ratio 3. Calculate Thabo's solvency ratio

1. Calculate Thabo's solvency ratio 2. Calculate Thabo's savings ratio 3. How can Thabo reduce his expenses?

Employment and retirement Thabo's gross salary from his full time employment is expected to be R1 200000 for the 2024 tax year. He will earn bonuses worth R500 000 as at the end of December 2023. He started working at the Auditor Council in 2010. Thabo expects to work until the age of 65 . He contributes 5% of his annual salary to the company's pension fund. The pension fund value is currently R2 500000 . He also has a retirement annuity at Libroty currently valued at R1 000000 and a pension preservation fund from his previous employment valued at R900 000. Hlengiwe is unemployed and fully dependent on her spouse. Ideally, Thabo would like to take his wife and go on a European tour in early 2024 but is not sure how to fund this dream. He recently executed a will for his retirement fund benefits and would not like Sandy and their son (Cori) to receive anything because he feels she has sufficient money to sustain herself and Cori should he die. Combined current income and expenses Thabo's current assets and liabilities