grana40098698 - Saved to this PC Mailings Help Search Sign Layout References A A A A * A2.A Review View A .0 AaBb AaBbcl AaBbCcDd AaBbce A Heading 1 Heading 2 T Normal Subtitle 3 Paragraph Mini Case C: (2 marks-S marks each) Jasmine lives on her own. She is currently renting but is ready to purchase her first home. As she knows that you are taking a Personal Finance course, she has turned to you for guidance before approaching the banks for a mortgage. Her monthly living expenses are $2.980. Description Chequing account Furniture Tax-Free Savings Account (TFSA): Stocks Fair Market Value as of February 13, 2020 (all in Canadian S) $3,100 $7.550 $12.600 $20.200 $100.550 $3,250 5500 $200 $1,200 Registered Retirement Savings Plan (RRSPJ: Stocks Savings Account US Savings Account Cash Motorcycle loan Investments: Mutual funds in bonds Student loan 12 years remaining) Carloan 12 years remaining) Furniture loan (5 months remaining) Credit card balance (unpaid balance after monthly minimum paid) Motorcycle $6,500 $10.000 $13,350 $3,225 $2,650 $1.900 a) What is the value of her liquid Assetsm ark) grana40098698 - Saved to this PC Layout References Mailings Review View Help Search A A Aa A BE A2A. AaBb AaBb Cel AaBbcod Aa Bbc Heading 1 Heading 2 1 Normal Subtitle A T EB- Paragraph Credit card balance (unpaid balance after monthly minimum paid) Motorcycle Styles $2,650 $3,900 a) What is the value of her Liquid Assets? (5 mark) Calculation: 15 mark) b) What is her Current Ratio? (5 mark) Calculation: (.5 mark) c) What is her Net Worth? (.5 mark) Calculation: (.5 mark) d) What is her Liquidity Ratio? 1.5 mark) Calculation: (.mark) Page 6 of 10 grana40098698 - Saved to this PC Mailings Help Search Sign Layout References A A A A * A2.A Review View A .0 AaBb AaBbcl AaBbCcDd AaBbce A Heading 1 Heading 2 T Normal Subtitle 3 Paragraph Mini Case C: (2 marks-S marks each) Jasmine lives on her own. She is currently renting but is ready to purchase her first home. As she knows that you are taking a Personal Finance course, she has turned to you for guidance before approaching the banks for a mortgage. Her monthly living expenses are $2.980. Description Chequing account Furniture Tax-Free Savings Account (TFSA): Stocks Fair Market Value as of February 13, 2020 (all in Canadian S) $3,100 $7.550 $12.600 $20.200 $100.550 $3,250 5500 $200 $1,200 Registered Retirement Savings Plan (RRSPJ: Stocks Savings Account US Savings Account Cash Motorcycle loan Investments: Mutual funds in bonds Student loan 12 years remaining) Carloan 12 years remaining) Furniture loan (5 months remaining) Credit card balance (unpaid balance after monthly minimum paid) Motorcycle $6,500 $10.000 $13,350 $3,225 $2,650 $1.900 a) What is the value of her liquid Assetsm ark) grana40098698 - Saved to this PC Layout References Mailings Review View Help Search A A Aa A BE A2A. AaBb AaBb Cel AaBbcod Aa Bbc Heading 1 Heading 2 1 Normal Subtitle A T EB- Paragraph Credit card balance (unpaid balance after monthly minimum paid) Motorcycle Styles $2,650 $3,900 a) What is the value of her Liquid Assets? (5 mark) Calculation: 15 mark) b) What is her Current Ratio? (5 mark) Calculation: (.5 mark) c) What is her Net Worth? (.5 mark) Calculation: (.5 mark) d) What is her Liquidity Ratio? 1.5 mark) Calculation: (.mark) Page 6 of 10
