. Suppose that a rm's capital assets are $30,920, liquid assets are $8,625, and monthly expenses are $3,650. Calculate (a) basic ratio and (b) Expanded ratio. Interpret your results. (5pts) In February 2021, John had $15,000 in his checking account, owned a collection of baseball cards that was worth $2,500, and a stock account of $7,500. He owed the IRS (Internal Revenue Service) $1,000 in taxes, had a debt of $3,000 in the ve different credit cards, and a car loan balance of $15,000. (a) What is John's net worth? (b) What is the liquid asset/debt ratio? Interpret the result. (5 pts) . Suppose a rm has a total debt of $703,000 and its total assets are estimated at $3,520,000. Calculate solvency ratio and explain whether this rm is solvent or not. (5 pts) . Jane's gross income is $65,000, and she pays the following monthly bills: (5 pts) Rent: $1,200 Credit card: $450 Car Payment: $500 Student Loan: $200 She pays 15.52% of her income as taxes. Calculate (a) Debthross Income ratio, (b) Debt/Disposable Income ratio, and (c) explain whether she is nancially exible. . A local barbershop earns $60,000 a year. If tax is $750 per month and expenses are $4,000 per month, what is the shop's before-tax savings ratio? After-tax savings ratio? (5 pts) . A 24-year-old college graduate, Emily, has secured a job at the nancial rm which pays her $76,000 a year. With such income, she needs to pay $12,510 income tax annually. Emily has an ambition of retiring early in her 405 and, in order to do so, she sets an alter-tax savings ratio of 0.30. If her expenses are currently, on average, $4,500 per month, would she be able to achieve your savings goal? If yes, why? If no, by how much should her monthly expenses be reduced to achieve her savings goal? (5 pts)