Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Amys annual salary is $75,000. Her monthly non discretionary expenses are $6,000. Her current liabilities are $2,000. She has $5,000 in her checking account and

Amys annual salary is $75,000. Her monthly non discretionary expenses are $6,000. Her current liabilities are $2,000. She has $5,000 in her checking account and $6,000 in her savings account at Wells Fargo. She contributes 10% to her 401k plan. What is her current ratio?

Group of answer choices

6.2x

5.5x

4.0x

15.1x

2)Which of the following is a good benchmark for savings for retirement as a percent of gross income for a client who is between age 35 and 45?

Group of answer choices

20-40%

13-20%%

10-15%

20-25%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial statements

Authors: Stephen Barrad

5th Edition

978-007802531, 9780324186383, 032418638X

More Books

Students also viewed these Finance questions

Question

Discuss attention and its role in message processing.

Answered: 1 week ago