Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ratio Analyses Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $11,000; home value: $190,000; monthly mortgage

image text in transcribed
Ratio Analyses Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $11,000; home value: $190,000; monthly mortgage payment: $1,200; investment assets: $80,000; personal property: $21,000; total assets: $30,000; short-term debt: $6,600 ($550 a month); long-term debt: $160,000 ($2,000 a month); total debt: $166,600; monthly gross income: $8,000; monthly disposable income: $6,600; monthly expenses: $4,000. Calculate the ratios below. Round your answers to two decimal places. a. Liquidity ratio b. Asset-to-debt ratio C. Debt-to-Income ratio. d. Debt payments-to-disposable Income ratio. e Investment assets-to-total assets ratio. 90

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

Step: 3

blur-text-image

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

Shipping Finance A Practical Handbook

Authors: Stephenson Harwood

4th Edition

1787421406, 978-1787421400

More Books

Students also viewed these Finance questions

Question

3. Outline the four major approaches to informative speeches

Answered: 1 week ago

Question

4. Employ strategies to make your audience hungry for information

Answered: 1 week ago