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ssignment part A5% of final grade) Instructions: Complete the two questions below and submit the completed document on SLATE under Assignments -> Assignment part A

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ssignment part A5% of final grade) Instructions: Complete the two questions below and submit the completed document on SLATE under Assignments -> Assignment part A in week 4 before class begins. Personal Financial Statements Lisa is trying to get her personal finances in order. She does not know how to organize the following information Mortgage Payment House Credit Card Balance After-tax Income Groceries Expense Car Clothing Car Loan Payment Furniture Car Loan Car Maintenance Utilities Expense Cash in bank Mortgage Recreation Expense 1,175 210 000 9,300 3.000 240 15,000 450 360 10,000 10,000 150 100 500 181,000 400 Lisa has come to you for help. (a) Organize the above financial information into a properly formatted () Personal Cash Flow Statement and (11) Personal Balance Sheet (10 marks) Utilities Expense Cash in bank Mortgage Recreation Expense 100 500 181.000 400 Lisa has come to you for help (a) Organize the above financial information into a properly formatted (1) Personal Cash Flow Statement and (ii) Personal Balance Sheet. (10 marks) (b) Calculate the values and comment on each of them: (i) savings rate, (ii) liquidity ratio, (iii) debt-to-asset ratio (6 marks) (c) Make at least 4 recommendations to help Lisa her improve her money management? (4 marks)

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