State the FIVE steps in planning personal financial affairs. b) List any THREE financial plans, and identify the goal associated with each financial plan. (c) The following is an extract of Betty Soh's financial position as at 31 December 2015. Asset ($) Liquid Assets Other Assets Total Assets Liabilities and Net Worth ($) 33 000 745 000 778 000 Total Liabilities Net Worth Total Liabilities and Net Worth 357 000 421 000 778 000 Betty's Total Liabilities include a $288 000 housing loan and a $53 500 car loan. His total income for the year 2015 was $76 000. 

Calculate the following financial ratios for Betty, correct to 2 decimal places. (i) Solvency ratio (ii) Liquidity ratio (iii) Gearing ratio