Sheila visited your office today. She is 52 years of age. She is widowed and has two children. One child recently graduated from college and the other is just graduating high school and will be leaving for the Marine Corps soon. Sheila earns $360,000 a year as the Chief Information Officer for a hospital, a position she was hired into seven years ago. She has provided you with the following financial information. 1. Annual Non-Discretionary Expenses - $240,000 2. Cash and Cash Equivalents - $100,000 3. 401(k) balance - $1,250,000 Which of the following is true? Question 14 options: Sheila is holding too much cash. All individuals need an emergency fund equal to 3 - 6 months. Sheila has an emergency fund ratio of 6.0 months. Given this information, Sheila probably has an adequate emergency fund.