STATEMENT OF CASH FLOWS Nigel and Elizabeth Buckingham January 1, 2016 to December 31, 2016 (Expected to be similar in 2017)
CASH INFLOWS
Salaries
Nigel salary	$	39,000
Elizabeth salary		30,000
Investment income*		1,635
Total inflows			$	70,635
CASH OUTLOWS
Savings house down payment	$	1,800
Reinvestment of investment income		1,635
401(k) contribution		1,170
Total Savings			$	4,605
FIXED OUTFLOWS
Child Support	$	6,000
Life insurance payment (to trustee)		2,100
Rent		9,900
Renters insurance		720
Utilities		1,080
Telephone (home)		540
Telephones (cell)		900
Auto payment principal and interest		5,400
Auto insurance		4,950
Gas, oil, maintenance		3,600
Student loans		3,600
Credit card debt		4,500
Furniture payments		1,952
Total fixed outflows			$	45,242
VARIABLE OUTFLOWS
Taxes Nigel FICA	$	2,984
Taxes Elizabeth FICA		2,295
Taxes federal tax withheld		7,393
Food		4,800
Clothing		1,500
Entertainment/vacation		1,920
Total variable outflows			$	20,892
Total cash outflows			$	70,739
Discretionary cash flows (negative)					$	(104)
*$510 from dividends and $1,125 from other investment sources.

STATEMENT OF FINANCIAL POSITION Nigel and Elizabeth Buckingham January 1, 2017
ASSETS1			LIABILITIES AND NET WORTH
Cash and equivalents			Liabilities2
Cash	$	500	Credit card 1	$	8,000
Savings account		1,000	Credit card 2		1,862
Total cash and equivalents	$	1,500	Student loan Nigel3		45,061
			Auto loan Elizabeth		21,179
Invested assets			Furniture loan		2,300
Federal Express stock (100 shares)4	$	5,000	Total liabilities	$	78,402
TECHO stock (100 shares)		7,200
Growth mutual fund		13,900
401(k) account		1,500	Net worth	$	(78)
Total invested assets	$	27,600
Use assets
Auto Elizabeth	$	26,474
Truck Nigel		4,000
Motorcycle Elizabeth		1,000
Personal property and furniture		17,750
Total use of assets	$	49,224
Total assets	$	78,324	Total liabilities and net worth	$	78,324
Notes to Financial Statements 1Assets are stated at fair market value. 2Liabilities are stated at principal only as of January 1, 2017, before January payments 3Nigels parents took out the student loans, but he is repaying them. Nigel paid $2,732 in interest in 2016. 4Federal Expresss current dividend is $3.40 per share. -----------------------

Calculate the following financial ratios for the Buckinghams

a. Liquid Assets / Debt Payments-

b. Net Worth / Total Assets-

c. Total Debt / Total Assets-

d. Annual Housing and Debt Payments / Annual Gross Income-

e. Annual Savings / Annual Gross Income-