Answer the following questions based on Smith family's current status and personal financial statements shown below:

What is the Current Ratio for the Smith family?

Question 5 options:

	6.4
	10.0
	4.1
	8.0

Question 6

What is the Debt Coverage ratio for the Smith family?

Question 6 options:

	7.4
	8.1
	5.5
	6.0

Question 7

What is the Liquidity ratio for the Smith family?

Question 7 options:

	1.4
	2.1
	.8
	.62

Question 8 (1 point)

Are the Smith's in a positive position on their car? Yes or no?

Answer the following questions based on Smith family's current status and personal financial statements shown below: \begin{tabular}{lr} Liabilities & Amount in Dollars \\ Current Debt (Credit cards, Accounts) & $150 \\ Auto Loan Long-term & $3,000 \\ Taxes payable & $0 \\ Real estate mortgages (describe) & $0 \\ Other liabilities (HELOC) & $0 \\ Other liabilities (specify) & $0 \\ \hline Total Liabilities & $3,150 \\ \hline & $15,850 \\ \hline Net Worth & \\ \hline \end{tabular} Personal Budget-Smith Summary \begin{tabular}{|l|} \hline TOTAL MONTHLY INCOM \\ 3000 \\ \hline TOTAL MONTHLY EXPENS \\ \hline 2390 \\ \hline TOTAL MONTHLY SAVIN \\ \hline 585 \\ \hline DEBT PAYOFF \\ \hline 25 \\ \hline$0 \\ \hline \end{tabular} \begin{tabular}{|c|} \multicolumn{2}{|}{ Percentage of Income } \\ 80% \\ \hline 20% \\ 1% \\ \hline 100.00% \\ \hline \end{tabular} \begin{tabular}{ll} \multicolumn{2}{c}{ Monthly Income } \\ \hline ITEM & AMOUNT \\ Steve & $3,000.00 \\ \hline Income Source 2 & $0.00 \\ \hline Other & $0.00 \\ \hline \end{tabular} \begin{tabular}{lc} \multicolumn{2}{c}{ Monthly Expenses } \\ \hline ITEM & AMOUN \\ \hline Rent/mortgage & $750.00 \\ \hline Utilities & $125.00 \\ \hline Gas & $200.00 \\ \hline \end{tabular} What is the Current Ratio for the Smith family? 6.4 10.0 4.1 8.0 What is the Current Ratio for the Smith family? 6.4 10.0 4.1 8.0 Question 6 (1 point) What is the Debt Coverage ratio for the Smith family? 7.4 8.1 5.5 6.0 Question 7 (1 point) What is the Liquidity ratio for the Smith family? 1.4 2.1 .8 .62 Question 8 (1 point) Are the Smith's in a positive position on their car? Yes No