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Calculate the following financial ratios for the Peytons. Enter as a number with 2 decimal places. Liquid Assets/Current Monthly Debt Payments STATEMENT OF CASH FLOWS
Calculate the following financial ratios for the Peytons. Enter as a number with 2 decimal places.
Liquid Assets/Current Monthly Debt Payments
STATEMENT OF CASH FLOWS Archie and Elaine Peyton For January 1, 2021 to December 31, 2021 (Projected to be similar for 2022) CASH INFLOWS Salaries Archie Elaine Investment income ML Brokerage Account Elaine's investment portfolio Savings account Elaine's education fund CASH OUTFLOWS Living expenses Food Clothing Entertainment Utilities, cable, and phone Auto maintenance Church Home mortgage Auto loans Credit card Insurance Health Auto Life Total salaries Investment income Total cash inflows Total living expenses Homeowners with endorsements Disability Taxes Property (residence) Federal income (withholdings) State income Payroll (FICA) (Schedule 1) Total cash outflows Net cash flow (surplus) Total insurance $100,000 24,000 $124,000 Total taxes $ 1,250 3,934 150 1,062 $ 6,396 $ 4,300 4,000 6,500 5,000 1,200 2,000 8,999 18,818 4,300 $55,117 $ 2,400 1,660 520 950 1,677 $ 7,207 $130,396 $ 4,452 12,000 4,000 9,486 $ 29,938 $92,262 $38,134
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