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Daisy (40) your new client is concerned about her finances. She is looking for your input on her financial position. Below is the financial data

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Daisy (40) your new client is concerned about her finances. She is looking for your input on her financial position. Below is the financial data she provides for 2020. Incomes and expenses are annual, assets and liabilities are balances on Dec 31st, 2020 Gross Income Income taxes Mortgage Payments Loan payments Water & Electricity Food expenses Chequing account RRSP Stock portfolio (Equities) Car Loan GIC (5-year term) $90000 Mortgage Debt $31000 Vacation $18000 Heat $10000 Transportation $2000 Property Taxes $5000 Entertainment $4000 Charitable donations $27000 House $35000 Car $18000 Line of Credit (Outstanding) $20000 Insurance premiums $235000 $4500 $3000 $4000 $6000 $3500 $1000 $780000 $29000 $27000 $6000 a) Prepare a complete Net worth Statement ( 2 marks) b) Prepare a complete Cash flow statement (2 marks) c) Assess fully Daisy's cash flow statement (from b above) (2 marks) d) Calculate and EVALUATE her Emergency Fund Ratio (2 marks)

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