Question 2 (11 marks) Jessica's financial situation as at 31 October 2021 is summarized below: Monthly gross salary Monthly MPF contribution Monthly spending on variable expenses Monthly spending on fixed expenses Saving accounts balance Checking account balance Current liabilities Long term liabilities Total Personal Possessions Current value of investments Monthly saving for buying a car in next year Monthly saving for the emergency fund $21,850 $1,800 $4,800 $6,000 $78,000 $21,600 $2,350 $12,000 $35,000 $60,000 $3,000 $6,250 Required: a. Compute Jessica's total assets, total liabilities and net worth. (5 marks) b. Calculate Jessica's liquidity ratio and savings ratio. (4 marks) The financial information given above reveals that Jessica is now saving money for buying a car in next year. Name and describe the classification of this financial goal. (2 marks) C. Question 2 (11 marks) Jessica's financial situation as at 31 October 2021 is summarized below: Monthly gross salary Monthly MPF contribution Monthly spending on variable expenses Monthly spending on fixed expenses Saving accounts balance Checking account balance Current liabilities Long term liabilities Total Personal Possessions Current value of investments Monthly saving for buying a car in next year Monthly saving for the emergency fund $21,850 $1,800 $4,800 $6,000 $78,000 $21,600 $2,350 $12,000 $35,000 $60,000 $3,000 $6,250 Required: a. Compute Jessica's total assets, total liabilities and net worth. (5 marks) b. Calculate Jessica's liquidity ratio and savings ratio. (4 marks) The financial information given above reveals that Jessica is now saving money for buying a car in next year. Name and describe the classification of this financial goal. (2 marks) C