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Rene is a 28-year-old occupational therapist living in the Annex district of Toronto. She recently graduated from the University of Toronto and now works as
Rene is a 28-year-old occupational therapist living in the Annex district of Toronto. She recently graduated from the University of Toronto and now works as an independent contractor assessing the legitimacy of claims made by car accident victims. Like many students, Rene accumulated a large student debt during her years at university and plans to pay it off within the next five years. Cash Flow Statement For the Year Just Ended Income Professional billings Less: Professional expenses and taxes Professional income net of expenses and taxes Dividends (after taxes) $ 58,805 (24,190) $ 34,615 160 $ 34,775 Total Income Fixed Expenses Rent Student loan payments Total Fixed Expenses Variable Expenses Utilities, personal, food, clothing, and dental Moving expenses Credit card interest Recreation/entertainment Vacations Total Variable Expenses Total Expenses Surplus/ (Deficit) 9,900 3,200 $ 13,100 $ 13,085 255 1,040 1,920 6,230 $ 22,530 $ 35,630 ($ 855) Assets Liquid Assets Bank account Personal Balance Sheet as of Today Personal Possessions Investment Assets BCE Shares Total Assets Liabilities Current Liabilities Credit card balances. Long-Term Liabilities Student loan Total Liabilities Net Worth $ 1,570 $10,580 $ 3,325 $15,475 $ 8,155 20,880 $ 29,035 ($13,560) picture Click here for the Excel Data File Using Rene's financial statements, compute the following ratios: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Negative values should be indicated by a minus sign.) Debt ratio Current ratio Liquidity ratio months
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