Ratio Exercise Compute the Current Ratio, Emergency Fund Ratio, HR1, HR2, and Savings Rate (Assume company match of 3% on Jack's salary) Current Assets Checking $ 8,000 Money Market $ Current Liabilities Credit Cards $ 8,000 12,000 Total Current Assets $ 20,000 Total Current Liabilities $ 8,000 Investment Assets 401k Long-Term Liabilities $ 75,000 Mortgage IRA $ 10,000 Auto Loans $215,000 $ 22,000 CD $ 5,000 Growth MF $ Stocks $ 35,000 Total Investment Assets $ 125,000 Total Long-term Liabilities $237,000 Personal Use Assets Residence $ 250,000 Property $ 25,000 Autos $ 30,000 Total Personal Use $ 305,000 NET WORTH $205,000 Total Assets $ 450,000 Total Liabilities & Net Worth $450,000 Cash Inflows Insurance Premiums Salaries Jack $ Marilyn $ 45,000 55,000 Life $ Health S 1,900 500 Auto $ 800 HO S 2,200 Total Cash Inflows $ 100,000 Total Insurance Premiums $ 5,400 Cash Outflows Savings Charitable Contributions Tuition & Education $ 750 $ 5,000 Savings $ Entertainment & Vacation $ Employee-Elective $ Total Savings 12,000 $ 12,000 Taxes FITW $ 14,500 SITW S 2,500 Ordinary Living Expenses $ 21,600 Social Security $ 8,000 Property S 3,250 Debt Payments Total Taxes $ 28,250 Credit Card $ Mortgage Loan $ 2,500 19,500 Total Cash Outflows $ 100,000 Total Debt Auto Loans $ $ 5,000 27,000 Net