1) Use the following balance sheet and cash flow information to determine the net worth and net surplus for an individual in a recent month Liquid Assets $15,000 Home Value $220,000 Investment assets: $120,000 Personal Property $30,000 Total assets: $385,000 Short Term Debt: S7000 ($250 a month) Monthly Mortgage Payment $1400 on a $180,000 mortgage Total Debt: $187,000 Monthly Gross Income: $11,000 Monthly Disposable Income S 4000 Monthly Expenses: $7000 2) Now that the individual in question 1 has a better understanding of their situation, let's analyze further. Given the balance sheet and cash-flow statement information in question 1, calculate the following ratios see page 87: Liquidity Ratio Asset-to-Debt Ratio Debt-to-Income Ratio Debt payments-to-disposable income ratio Investment assets-to-total assets ratio