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it is their on the bottom Personal Financial Statement Ratios Part 2 Calculate the following Financial Ratios: a) Liquidity Ratio b) Savings Ratio c) Front
it is their on the bottom
Personal Financial Statement Ratios Part 2 Calculate the following Financial Ratios: a) Liquidity Ratio b) Savings Ratio c) Front End Ratio d) Back End Ratio e) Net Investment Assets to Net Worth . In your view, based on the statements and ratio analysis, briefly describe Mary strengths and weaknesses in financial position Assets, Liabilities and Net Worth Mary has come to you for help preparing personal financial statements. She presents you with the following facts. Her assets and liabilities include: $3,000 in a Checking account and $5,000 in a Savings account Her Brokerage Account has $15,000 in Stocks With her employer she has a 401K with a balance of $50,000. She has cash value life Insurance with a $250,000 death benefit and a cash value of $25,000 Her home was purchased for $300,000 and has a mortgage balance of $250,000, currently worth $320,000. A car purchased for $35,500 where the current blue book value is $15,000 and she owes $18,000 on the auto loan Mary has a Student Loan originally for $60,000 with a current Principal Balance of 30,000 Lastly, she has Credit Card Balances of $8,500 Cash Flow Statement . . . Based on current income and expenses, Mary provides the following breakdown: Her gross salary is $122,500 annually with Income Tax and FICA of $26,950 She has dividend income of $800 per year and interest income of $50 annually Her mortgage payment is $1,700 monthly; property taxes are $4,000 per year Mary's auto payment is $500 a month Her Homeowner's insurance premium is $900 annually, and all other insurance products are around $2,000 annually She has monthly expenses of $700 for food, $500 for transportation, $400 for clothing and personal, 500 for entertainment & vacation, $350 for medical and dental, $250 for utilities Mary Pays $600 Monthly for Her Student Loan Mary pays $600 monthly for credit card payments not separately categorized Mary estimates Miscellaneous Expenses of about $5,000 by subtracting expenses she can identify and savings from her Total Inflows . Personal Financial Statement Ratios Part 2 Calculate the following Financial Ratios: a) Liquidity Ratio b) Savings Ratio c) Front End Ratio d) Back End Ratio e) Net Investment Assets to Net Worth . In your view, based on the statements and ratio analysis, briefly describe Mary strengths and weaknesses in financial position Assets, Liabilities and Net Worth Mary has come to you for help preparing personal financial statements. She presents you with the following facts. Her assets and liabilities include: $3,000 in a Checking account and $5,000 in a Savings account Her Brokerage Account has $15,000 in Stocks With her employer she has a 401K with a balance of $50,000. She has cash value life Insurance with a $250,000 death benefit and a cash value of $25,000 Her home was purchased for $300,000 and has a mortgage balance of $250,000, currently worth $320,000. A car purchased for $35,500 where the current blue book value is $15,000 and she owes $18,000 on the auto loan Mary has a Student Loan originally for $60,000 with a current Principal Balance of 30,000 Lastly, she has Credit Card Balances of $8,500 Cash Flow Statement . . . Based on current income and expenses, Mary provides the following breakdown: Her gross salary is $122,500 annually with Income Tax and FICA of $26,950 She has dividend income of $800 per year and interest income of $50 annually Her mortgage payment is $1,700 monthly; property taxes are $4,000 per year Mary's auto payment is $500 a month Her Homeowner's insurance premium is $900 annually, and all other insurance products are around $2,000 annually She has monthly expenses of $700 for food, $500 for transportation, $400 for clothing and personal, 500 for entertainment & vacation, $350 for medical and dental, $250 for utilities Mary Pays $600 Monthly for Her Student Loan Mary pays $600 monthly for credit card payments not separately categorized Mary estimates Miscellaneous Expenses of about $5,000 by subtracting expenses she can identify and savings from her Total Inflows Step by Step Solution
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