Question7

A client has provided the following information about their financial position:

• House and contents $300,000
• Cash $10,000
• Home loan $180,000
• Motor vehicles $25,000
• Home loan repayment (p.a.) $13,000
• Superannuation $85,000
• Credit card $4,000
• Income (after tax) $55,000

What is the client's liquidity ratio?

Select one:

a.35.3%

b.58.8%

c.5.4%

d.250%