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Mini-Case C: (2 marks-.5 marks each) Jasmine lives on her own. She is currently renting but is ready to purchase her first home. As she
Mini-Case C: (2 marks-.5 marks each) Jasmine lives on her own. She is currently renting but is ready to purchase her first home. As she knows that you are taking a Personal Finance course, she has turned to you for guidance before approaching the banks for a mortgage. Her monthly living expenses are $2,980. Description Cheguing account Furniture Tax-Free Savings Account (TESA): Stocks Car Registered Retirement Savings Plan (RRSP): Stocks Savings Account US Savings Account Cash Motorcycle loan Investments: Mutual Funds in bonds Student loan (2 years remaining) Car loan (2 years remaining) Furniture loan (5 months remaining) Credit card balance (unpaid balance after onthly minimum paid) Motorcycle Fair Market Value as of February 13, 2020 (all in Canadian $) $3,100 $7,550 $12,600 $20,200 $100,550 $3,250 $500 $200 $1,200 $6,500 $10,000 $13,350 $3,275 $2,650 $3,900 a) What is the value of her Liquid Assets? (.5 mark) Calculation: (-5 mark) b) What is her Current Ratio? (.5 mark) Calculation: (.5 mark) c) What is her Net Worth? (.5 mark) Calculation: (.5 mark) d) What is her Liquidity Ratio? (.5 mark) Calculation: (.5 mark) - - T:05 PM
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