Item

Value or amounts as of Oct. 1, 2020

Chequing account

$2,000

Tuition loan (remaining balance and must be paid by Dec. 31, 2020

$3,000

Savings account (amount recently deposited on July 1^st after receiving his company bonus)

$5,000

Furniture

$4,550

Car

$21,700

Car loan (loan payable over 2 years)

$15,300

Monthly VISA payment (VISA always paid monthly in full when due)

$1,200

Disposable income

$86,800

Registered Retirement Savings Plan (RRSP) - stocks

$49,550

Monthly rent (paid on the 1^st of each month)

$1,500

Food (weekly purchases)

$200

Utilities including internet (monthly)

$300

Other monthly expenses

$1,300

Tax-Free Savings Account (TFSA)

$12,000

*full calculations please

1. what is the net worth?
2. what is the liquidity ration?
3. what is the saving ratio?