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Calculate the following financial ratios for Jane and Bill:1) net worth ratio2) liquidity ratio3) savings ratio 4) debt service ratio Jane and Bill Anderson Personal

Calculate the following financial ratios for Jane and Bill:1) net worth ratio2) liquidity ratio3) savings ratio 4) debt service ratio

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Jane and Bill Anderson Personal Cash Flow Statement for February 2022 Amount Total INFLOWS Salary - Jane $7,850 Salary - Bill 5,800 Interest on Savings 30 Total Inflows $13,680 OUTFLOWS Rent $3,500 Volvo Credit - Car Loan 1,100 Car Registration (inc CTP) + Insurance 430 Petrol 500 Parking 400 Car Servicing & Maintenance 250 Gym Memberships 250 Groceries 800 Entertainment 1,400 Health Insurance 400 Clothes 1,000 Mobile Phone & Plan 200 Utilities 400 Store Credit Card Payments 800 Travel 1,000 Miscellaneous 500 Total Outflows $12,930 Balance Sheet as at 28 February 2022 Amount Total ASSETS Volvo $50,000 Toyota 15,000 Savings 50,000 uper (Jane) 75,000 Sunsuper (Bill) 50,000 REST Super (Bill) 8,000 MLC Super (Bill) 5,000 Home Contents, Jewellery & Art 150,000 Total Assets $403,000 TOTAL LIABILITIES Care Loan (Volvo $48,000 Credit Card 5,000 Store Card 3,000 Total Liabilities $56,000 NET WORTH $347,000

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