Chase checking account (cash): $4000 Netflix: $10 Hulu: $10 Verizon (cell phone): $100 Student loans balance: $15,000 Toyota Auto Finance balance (2018 Toyota Corolla): $15,000 Capital One Credit card balance: $10,000 Retirement account: $20,000 Apple Stock: $100,000 Total income available to for living expenses: $85,000 (*Hint, only use this amount in your calculation as indicated in the formula) 1. 2. Calculate the net worth and advise if positive or negative Calculate the following ratios. Refer to the text book and advise if the ratios are in good standing, why or why not. a. Current b. Debt Ratio 3. 4. 5. c. Long Term Debt Ratio List and explain the steps in preparing a budget. List the steps in implementing a budget When searching for a professional financial planner, what are three steps you should take during this process