List the Reddings financial strengths and weaknesses. 2. After reading the case, what additional information would you request from the Reddings to complete your data-gathering phase? 3. Calculate the following financial ratios for the Reddings. Liquid Assets Monthly Expenses Net Worth Total Assets Total Debt Total Assets Total Debt Annual Total Income Annual Housing and Debt Payments Annual Gross Income Annual Housing Costs Annual Gross Income Investment Assets Annual Gross Income Annual Savings Annual Gross Income "Annual Total Income is the same as Annual Gross Income. Comment on any of the above ratios that you think are important. 5. Briefly evaluate the Reddings' use of debt. 6. Assuming an earnings rate of 8%%, calculate the amount needed today to fund the chil- dren's college education! 7. Assuming a rate of return of 8%%, calculate the amount they need to save each month to fund the children's college education. Assume that savings will begin at the end of this month and continue until the youngest children begin college. 8. Assuming a rate of return of 8%, calculate the monthly savings needed for education assuming that savings will continue until the children's college education is completed. 9. Determine whether the Reddings will currently qualify to refinance their home. Is the house eligible for refinancing by a lender requiring a maximum loan-to-value ratio of 80%? How much cash would the Reddings need if they refinance