Calculate and EVALUATE his Saving Ratio

Calculate and EXPLAIN his Debt Ratio.

Calculate and EVALUATE his Total Debt Service Ratio (TDSR)

Ryan is your new client. Four years ago he graduated from University/ Since then he has worked hard and has done well at his job. Two years ago he bought a condo and now he finds that money is tight. He is looking for your input on his financial position. Below is his annualized financial data as at December 31, 2020: (incomes and expenses are annual; assets & liabilities are balances as of December 31, 2020) Insurance premiums RRSP Condo Car Employment Income Chequing Account Canada Saving Bonds Stock Portfolio GIC (year term) Car Loan CPP/EI Deductions Income Taxes Mortgage Payments Food Expense Loan Payments RRSP Contributions Charitable donations RPP Contributions $89,000 $2,000 $4,000 $13,000 $9,000 $18,000 $5,200 $33,000 $14,000 $5,000 $12,000 $1,080 $1,000 $2,070 Student Loan Line of Credit (outstanding) Mortgage Debt Clothing Heat, Water, Electricity Entertainment Transportation Vacation Property Taxes Parking $3,000 $21,000 $360,000 $25,000 $22,000 $19,000 $246,000 $2,500 $4,000 $5,000 $1,740 $4,000 6000 $2,760 Ryan is your new client. Four years ago he graduated from University/ Since then he has worked hard and has done well at his job. Two years ago he bought a condo and now he finds that money is tight. He is looking for your input on his financial position. Below is his annualized financial data as at December 31, 2020: (incomes and expenses are annual; assets & liabilities are balances as of December 31, 2020) Insurance premiums RRSP Condo Car Employment Income Chequing Account Canada Saving Bonds Stock Portfolio GIC (year term) Car Loan CPP/EI Deductions Income Taxes Mortgage Payments Food Expense Loan Payments RRSP Contributions Charitable donations RPP Contributions $89,000 $2,000 $4,000 $13,000 $9,000 $18,000 $5,200 $33,000 $14,000 $5,000 $12,000 $1,080 $1,000 $2,070 Student Loan Line of Credit (outstanding) Mortgage Debt Clothing Heat, Water, Electricity Entertainment Transportation Vacation Property Taxes Parking $3,000 $21,000 $360,000 $25,000 $22,000 $19,000 $246,000 $2,500 $4,000 $5,000 $1,740 $4,000 6000 $2,760