Mini-Case B: (3 marks-1 mark each) Lambert is meeting with the bank on October 31, 2020 and is quite nervous. He is looking to buy a condo and knows that the bank will be assessing their risk in deciding how large of a loan to approve. He has provided you with the following information to help prepare for the meeting with the bank. Item Value or amounts as of Oct. 1, 2020 Cheguing account $2,000 Tuition loan (remaining balance and must be paid by Dec. 31, 2020 $3,000 Savings account (amount recently deposited on July 1st after $5,000 receiving his company bonus) 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 1st of each month) $1,500 Food (weekly purchases) $200 Utilities including internet (monthly) $300 Other monthly expenses $1,300 Tax-Free Savings Account (TESA) $12,000 a) What is his Net Worth? Calculation: (1 mark) b) What is his Liquidity Ratio? Calculation: (1 mark) c) What is his Savings Ratio? Calculation: (1 mark)