Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help me with the three questions about the financial statements and ratios I provided the income and expenses page. Please solve and help me

Please help me with the three questions about the financial statements and ratios I provided the income and expenses page. Please solve and help me understand how there are ratios. Thanks, I appreciate it. PFI 2301: Personal Financial Literacy
Information Sheet
Project Overview: Throughout the semester, you will be working on an application based scenario on how to apply the course learning goals. All projects will be submitted through. Excel. The "Info Sheet" (where you're now) will be the landing page for all of the information to complete each Learning Goal Project. Make sure to keep up with the schedule for the due dates and review the rubrics to make sure you know how each Project will be graded. Let's get started!
Unit 1: BASICS - The Tools and the Rules of Personal Finance
LG3-Understand how financial statements & ratios and basic tax fundamentals impact the financial planning process.
income and Expenses are given in annual amaounts
Jessica Age
34
Salary $60,000.00
Mortgage Payments $22,000.00
Money Market Account $15,000.00
Mutual Fund Account $,1,000.00
Home Value $160,000.00
Furnature Value $,2,300.00
Mortgage Balance $138,000.00
Roth IRA $ 8,500.00
Credit Card Payments $,600.00
Entertainment $ 1,200.00
Checking Account $ 22,000.00
Car Payments $ 5,100.00
Consulting Income $ 2,000.00
Car Loan Balance $ 4,000.00
Graceries $2,400.00
Fuel $1,000.00
Car Value $8,000.00
Employer Plan $10,000.00
Student Loan Payment $6,000.00
Stamp Collection $500.00
Credit Card Balance $1,000.00
Amazon Purchases $2,500.00
Savings Account $5,000.00
Past Due Speeding Ticket $350.00
Student Loan Bolance $20,000.00
Insurance Payments $3,000.00
utilities
$2,300.00
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management EMEA Theory And Practice

Authors: Michael Ehrhardt, Roland Fox, Eugene Brigham

2nd Edition

1473760216, 9781473760219

More Books

Students also viewed these Finance questions