Question
As their daughter Lisa starts high school, Homer and Marge decide that it is time to take stock of their family finances to see how
As their daughter Lisa starts high school, Homer and Marge decide that it is time to take stock of their family finances to see how they will be able to pay for Lisas education. They have constructed the personal balance sheet and cash flow statements below. Use these to answer the following questions.
Evaluate Homer and Marges financial status with respect to liquidity, debt, and savings using personal financial ratios. (Round answer to 2 decimal places, e.g. 52.75.) Liquidity ratio =
Debt ratio =
Debt payment ratio =
% Mortgage debt service ratio =
% Savings ratio not including Moes =
% Savings ratio including Moes =
%
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