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Part A: Prepare a personal balance sheet as of the start of the semester and an income statement representing a one month period starting at
Part A:
Prepare a personal balance sheet as of the start of the semester and an income statement representing a one month period starting at the start of the semester.
Part B:
Calculate the following ratios, showing all of your work:
Current ratio
Months living expenses covered ratio
Debt ratio
Long-term debt coverage ratio
Savings ratio
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