Question
Personal Cash Flow Statement and Ratio Analysis BACKGROUND INFORMATION Anne works full time and earns $3,475 per month before taxes and other payroll deductions. Anne
Personal Cash Flow Statement and Ratio Analysis BACKGROUND INFORMATION Anne works full time and earns $3,475 per month before taxes and other payroll deductions. Anne also works a part-time job on the weekends. Anne earns $800 per month (before payroll deductions) from her part-time job. Annes income taxes and other payroll deductions are $750 per month, in total, for both jobs. Anne earned $100 in interest in her savings account in September 2023. A summary of Annes assets and liabilities on September 30th , 2023, were as follows: Liquid Assets: $45,000 Total Assets: $375,000 Current Liabilities: $85,000 Total Liabilities: $180,000 Anne wants to obtain a better understanding of her expenses and so shes decided to track them on a spreadsheet for the month of September. A copy of the spreadsheet is included below.
EQUIRED: a. Using the information above, calculate Anne's Net Cash Flow for the month of September 2023. Show your detailed calculation. (11 marks) b. What can you conclude from Anne's Cash Flow Statement for September? Provide two conclusions about Anne's cash flow. (4 marks)Step by Step Solution
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