Question
Balance Sheet Monetary assets Checking account: $5,000 Savings Account: $2,000 Total Monetary Assets: $7,000 Tangible Assets Car: $21,000 Entertainment center: $2,000 Total Tangible Assets: $233,000
Balance Sheet
Monetary assets
Checking account: $5,000
Savings Account: $2,000
Total Monetary Assets: $7,000
Tangible Assets
Car: $21,000
Entertainment center: $2,000
Total Tangible Assets: $233,000
Investment Assets
401K: $85,000
IRA: $20,000
Total Investment: $105,000
Total Assets: $345,000
Liabilities
Short term
Credit card: $6,400
Medical: $4,000
Total Short Term: $10,400
Long term
Boat: $8,000
Mortgage: $115,000
Student Loan: $28,000
Car Loan $15,000
Total Long term: $166,000
Total Liabilities: $176,000
Net worth: $168,600
Monthly Cash Flow
Total Income: $5,440
Total Variable expenses: $1,830
Fixed expenses: $4,485
Total expenses: $6315
Deficit: $875
| Ratios (Show Calculations Be Specific in the Type of Expenses Used) | Answer and explanation in comparison to the benchmark how you would explain this to a client. (minimum 25 words per section) Type out exactly how you would say it to a client! |
| Living Expenses Covered Ratio
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| Debt Ratio
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| Debt Service to Income Ratio
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| Saving Ratio
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| Investment Assets to Total Assets Ratio
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