answer the below question in at least three hundred words after reading the following chapters from the book listed. relate your writing to the book and if you cite anything include citations.

Title: PFIN (with MindTap, 1 term Printed Access Card) - 7th Edition

ISBN: ISBN-10: 0357033604 | ISBN-13: 9780357033609

Authors: Randall S. Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Edition: 7th

CHAPTERS 3 and 4

Ella and Aaron Martin together earn approximately $92,000 a year after taxes. Through inheritance and some wise investing, they also have an investment portfolio with a value of almost $200,000.

How much of their annual income do you recommend the Martins hold in some form of liquid savings as reserves? Explain - responses must include references from the text and more than an opinion.

How much of their investment portfolio do you recommend they hold in savings and other short-term investment vehicles? Explain.

How much, in total, should they hold in short-term liquid assets?

Does the couple need professional advice?