Frank and Elaine Barker are married, in their early forties, and have two 10 year old twins. Frank works as an IT administrator and earns $70,000 each year. Elaine is a project manager with a software company and earns $76,000 each year. They own their own home that they purchased 10 years ago. They have worked hard to spend within their means and not take on any unnecessary debt. They are meeting with you today to discuss their current financial situation and a savings strategy for their children's education and for their retirement. The Barker's find themselves in a position now where they have additional cash flow and they want your help to determine the best strategies.

They have provided you with their financial information and their financial statements and ratios have been prepared below:

Requirements:

a) Analyze and explain to the Barker's their current financial situation by commenting on their financial statements and ratios.

b) What three recommendations would you make to the Barker's to most improve their current financial well-being and work towards their goals? Explain the benefits and drawbacks of each recommendation. (Please help me with this asap )

statements and ratios have been prepared below