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Ratio Analyses Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $16,000; home value: $240,000; monthly mortgage
Ratio Analyses Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $16,000; home value: $240,000; monthly mortgage payment: $1,250; investment assets: $70,000; personal property: $18,000; total assets: $344,000; short-term debt: $3,600 ($300 a month); long-term debt: $170,000 ($2,000 a month); total debt: $173,600; monthly gross income: $14,000; monthly disposable income: $6,200; monthly expenses: $7,000. 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. %
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