Question
John and Mary Smith -Cash Flow Statement John and Mary Smith - Net Worth Statement 2019 2019 Cash Inflows Assets Salary-John $ 75,000.00 Current Assets
| John and Mary Smith -Cash Flow Statement | John and Mary Smith - Net Worth Statement | |||||||||||
| 2019 | 2019 | |||||||||||
| Cash Inflows | Assets | |||||||||||
| Salary-John | $ 75,000.00 | Current Assets | ||||||||||
| Salary-Mary | $ 125,000.00 | Checking Accounts | $ 5,500 | |||||||||
| Rental Income | $ 6,000.00 | Savings Accounts | $ 10,000 | |||||||||
| Total Cash Inflows | $ 206,000.00 | Money Market Accounts | $ 12,000 | |||||||||
| Savings | Total Current Assets | $ 27,500 | ||||||||||
| 401(k)-John | $ 7,500.00 | Investment Assets | ||||||||||
| Roth IRA-Mary | $ 12,500.00 | 401(k) | $ 155,000 | |||||||||
| 529 Plan | $ - | Roth IRA | $ 65,000 | |||||||||
| Total Savings | $ 20,000.00 | Brokerage Account | $ 102,000 | |||||||||
| Living Expenses | 529 Plan | $ 24,000 | ||||||||||
| Debt Payments | Rental Property | $ 250,000 | ||||||||||
| Mortgage | $ 27,000.00 | Total Investment Assets | $ 596,000 | |||||||||
| Auto Loans | $ 4,500.00 | Personal Use Assets | ||||||||||
| Credit Cards | $ 1,500.00 | Vehicles | $ 75,000 | |||||||||
| Student Loans | $ 18,000.00 | Personal Property | $ 25,000 | |||||||||
| Total Debt Payments | $ 51,000.00 | Residence | $ 450,000 | |||||||||
| Insurance Premiums | Total Personal Use Assets | $ 550,000 | ||||||||||
| Homeowners | $ 1,200.00 | |||||||||||
| Auto | $ 1,800.00 | Total Assets | $ 1,173,500 | |||||||||
| Health | $ 3,600.00 | Liabilities and Net Worth | ||||||||||
| Life-John | $ 360.00 | Current Liabilities | ||||||||||
| Life-Mary | $ 300.00 | Credit Card Balances | $ 23,000 | |||||||||
| Total Insurance Premiums | $ 7,260.00 | Total Current Liabilities | $ 23,000 | |||||||||
| Charitable Donations | $ - | Long-Term Liabilities | ||||||||||
| Household Expenses | $ 60,000.00 | Mortgage (Residence) | $ 355,000 | |||||||||
| Taxes | Mortgage (Rental) | $ 185,000 | ||||||||||
| Income Tax | $ 41,200.00 | Auto Loans | $ 25,000 | |||||||||
| Payroll Tax | $ 14,420.00 | Student Loans | $ 100,000 | |||||||||
| Property Tax | $ 7,500.00 | Total Long-Term Liabilities | $ 665,000 | |||||||||
| Total Taxes | $ 63,120.00 | |||||||||||
| Total Cash Outflows | $ 201,380.00 | Total Liabilities | $ 688,000 | |||||||||
| Net Discretionary Cash Flows | $ 4,620.00 | total net worth | 485,500 | |||||||||
The Smiths's Emergency Fund Ratio is
The Smiths's Current Ratio is10th)
The Smiths's Housing Ratio # 1 is
The Smiths's Housing Ratio # 2 is
The Smiths's Debt to Total Assets is
The Smiths's Net Worth to Total Assets is
The Smiths's Savings Rate is
The Smiths's Investment Assets to Gross Pay is
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Winning The Losers Game Timeless Strategies For Successful Investing
Authors: Charles D. Ellis
5th Edition
0071545492,0071545506
