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Please, answer for ratios Client Financial Information Assets & Liabilities Annual Income & Expenses Joint Money Market Account $ 5,500 Jane's Gross - Part Time
Please, answer for ratios
| Client Financial Information | |||
| Assets & Liabilities | Annual Income & Expenses | ||
| Joint Money Market Account | $ 5,500 | Jane's Gross - Part Time Wages | $ 15,000 |
| Boat | $ 25,000 | Gifts to Family | $ 2,500 |
| Credit Card B (For Clothes) | $ 4,000 | Homeowner's Insurance | $ 1,250 |
| Mortgage Balance | $ 80,000 | Auto insurance/registration | $ 1,100 |
| Cash on Hand | $ 1,500 | Income Taxes | $ 25,000 |
| House | $ 120,000 | John's Gross Salary | $ 100,000 |
| Personal Property | $ 15,000 | Food (For Groceries/Restaurants) | $ 10,000 |
| Credit Card D (For Misc. Items) | $ 4,500 | Utilities | $ 5,700 |
| Jane's - Car Loan Balance | $ 10,000 | Maintenance (auto & home) | $ 3,500 |
| Joint Savings Account | $ 400 | Charitable contributions | $ 10,000 |
| Jane's Car | $ 22,000 | Mortgage (including taxes) | $ 17,000 |
| Credit Card A (For Groceries/Restaurants) | $ 3,000 | Combined Auto Loan Payment | $ 12,000 |
| Joint Checking Account | $ 1,000 | Boat Loan Payment | $ 5,000 |
| John's - Truck Loan Balance | $ 28,000 | Phone | $ 1,550 |
| John's Truck | $ 40,000 | Gas/Plane Tickets for Transportation | $ 4,200 |
| Jane's 403(b) | $ 20,000 | Prescriptions Expenses | $ 8,500 |
| John's 403(b) | $ 70,000 | Medical Bill Payments | $ 4,000 |
| Boat Loan Balance | $ 8,000 | Clothing | $ 5,500 |
| Medical Bills | $ 12,000 | Miscellaneous | $ 8,500 |
| Credit Card C (For Travel) | $ 5,000 | Internet | $ 650 |
| Medical Insurance Premiums | $ 6,200 | ||
| Life Insurance Premium | $ 1,600 | ||
| Credit Cards (sum of ALL credit card payments) | $ 3,500 | ||
| Jane's 403(b) - Contributions | $ 4,000 | ||
| John's 403(b) - Contributions | $ 4,000 | ||
| Financial Well-Being Ratio Analysis | |||
| Area | Calculation | Ratio calculation | Ratio |
| Living Expenses Covered Ratio | Monetary Assets/Monthly Living Expenses | ||
| Debt Ratio | Total Liabilities/Total Assets | ||
| Debt Service to income Ratio | Annual Debt Payments/Annual Income | ||
| Saving Ratio | Annual Savings/Annual Living Expenses | ||
| Investment Assets to Total Assets Ratio | (Investment Assets+Retirement Assets)/Total Assets | ||
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
