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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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