Discuss how they are doing, using the ratios. Do you think they will achieve their goals? The mortgage payments given in the following information will pay off the mortgage in 20 years if interest rates don't rise. Use the information the ratios provide, your learning from the course and plain common sense to assess their situation. (14 marks) Value of house Marcela's take home pay Adriano's take home pay Cash in bank accounts Credit card debt: VISA card #1 VISA card #2 Mastercard Interest on overdue credit card debt Phone and internet expense Utilities Value of two cars Balance owing on car loan Car expenses (gas, insurance, maintenance, licenses) Car loan payments Balance in Tax-free savings accounts (TFSA) Value of Marcela's pension plan Clothing expense Food and household Mortgage payments Balance owing on mortgage Insurance on house Entertainment Other expenses $600,000 5,500 4,700 1,800 7,000 5,000 3,000 100 100 1,400 20,000 2,000 1,200 300 25,000 45,000 300 1,200 2,700 400,000 200 600 500 Notes: The value of pension plan is an illiquid asset. You cannot take money out of a pension plan until you retire. The car loan will be repaid in less than one year. The credit card balances owing include $5,000 that is overdue and charging interest at 24% p.a.