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Ellen is reviewing her financial health. Her personal balance sheet reflects the following balances as at December 31, 2021: Chequing account $1,000 Savings account $5,000
Ellen is reviewing her financial health. Her personal balance sheet reflects the following balances as at December 31, 2021: Chequing account $1,000 Savings account $5,000 Household assets $10,800 Mutual Funds $8,000 Stocks $2,000 Credit card balance $1,500 Car loan $3,000 Ellen's monthly disposable income is $3,000 and her monthly living expenses total $2,800. She saves her net cash flow each month. Required: Compute the following financial ratios and Ellen's net worth (Show all calculations and round answers to two decimal places): Liquidity Ratio Debt-to-Asset Ratio Net Worth
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