Question
Assume the following information for Emily (age 42): Gross Income $95,000 Income (after taxes) $80,000 Savings $2,500 Rent $18,000 Dry Cleaning $200 Entertainment $2,000 Utilities
Assume the following information for Emily (age 42):
| Gross Income | $95,000 |
| Income (after taxes) | $80,000 |
| Savings | $2,500 |
| Rent | $18,000 |
| Dry Cleaning | $200 |
| Entertainment | $2,000 |
| Utilities | $1,800 |
| Car Payment | $6,600 |
| Auto Insurance | $2,400 |
| Student Loans | $6,000 |
| Credit Cards | $1,200 |
Utilizing targeted benchmarks, which of the following statements is FALSE regarding Emilys financial situation?
Group of answer choices
Emilys Housing Ratio 1 is adequate.
Emilys emergency fund is adequate.
Emilys Housing Ratio 2 is adequate.
Emily's current ratio is less than 1.
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Dark Finance
Authors: Fabio Mattioli
1st Edition
1503611655, 978-1503611658
