a$)$ State the FIVE steps in planning personal financial affairs.

$(10$ marks$)$

b$)$ List any THREE financial plans, and identify the goal associated with each financial plan.

$(6$ marks$)$

c$)$ The following is an extract of Betty Soh's financial position as at $31$ December $2015.$

$\backslash$table$[[$Asset $($$$),$Liabilities and Net Worth $($$$)],[$Liquid Assets,$33000,$Total Liabilities,$357000],[$Other Assets,$745000,$Net Worth,$421000],[$Total Assets,$778000,$Total Liabilities and,$778000],[,,$Net Worth,$]]$

Betty's Total Liabilities include a $$288000$ housing loan and a $$53500$ car loan. His total income for the year $2015$ was $$76000.$

Calculate the following financial ratios for Betty, correct to $2$ decimal places.

$($i$)$ Solvency ratio

$($ii$)$ Liquidity ratio

$($iii$)$ Gearing ratio

$(9$ marks$)$