3. Planning for successful money management requires that a number of objectives be set early on, including: using savings and investment money wisely accounting for all future cash expenses create a system for maintaining financial records cutting all of your spending so that you can save more d) BFIN 255 Sample Mid Term.doc Page 2 of 8 4. The total dollar value of a person's liabilities divided by that person's net worth figure will produce their abc current ratio savings ratio liquidity ratio debt ratio 5 When we complete our tax return forms for the year, the total dollar value of our total annual income less our deductions from total income will leave us with our net income taxable income deferred income net capital income d)