5. Using the Butterfield case in Part VI of the text calculate and interpret the ratios. All needed information is provided, except for the total credit available, which is $10,000 on the Visa and $11,500 on the MasterCard. Then, answer the following questions based on your findings. Be sure to frame your answers as if you are speaking to or presenting them to the client.

a. How would you rate the Butterfields overall liquidity?

b. How would you rate the Butterfields overall solvency?

c. Does their periodic savings rate meet the minimum suggested threshold?

d. Are they spending too much on housing?

Please show calculations. The Butterfield case is located in, The Case approach to financial planning, 2nd edition; Bridging the gap between theory and practice, Grable, Klock and Lytton

DO NOT ANSWER ANY OF THE END OF CASE STUDY QUESTIONS, JUST THE ONE ABOVE