please help w homework

Use the following data to answers Questions 1 through 5: Monthly expenses =$4,000 Monthly gross income (after taxes) =$5,500 Savings Account Value =$6,000 Total Assets (excluding house) =$120,000 Total Liabilities (excluding mortgage) =$20,000 Question 1 ( 2 points) Calculate the annual Net Income for this individual. $1,500 $18,000 $24,000 $100,000 None of the above. Calculate the Basic Liquidity Ratio for this individual. 0.3 1.1 1.5 30.0 None of the above