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5. (4 pts.) Faith Brooks is a 28 -year old college graduate. She pays her bills on time, has managed to save a little in
5. (4 pts.) Faith Brooks is a 28 -year old college graduate. She pays her bills on time, has managed to save a little in a mutual fund, and (with help of an inheritance) has managed a down payment on a condominium. Here is additional information on her: - All her short-term and long-term liabilities are unpaid. - "Other expenses, monthly" represents cash spent without a record. - She charges all incidentals on her credit cards and pays the balances off monthly. The balances shown below represent average monthly balances. a. (1 pt.) Calculate the current ratio. b. (1 pt.) Calculate the savings ratio. c. (2 pts.) Calculate and interpret the month's living expenses covered ratio
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