The Smiths are a young couple (34 and 36 years old) with two children. Use the following information from the Bryants' financial statements to an answer the questions below. Annual take-home pay: $80,000 MBNA Credit Card (24% APR) : $24,900 Monthly rent: $3,000 Minimum monthly payment on MBNA Credit Card: $249 Student Loan Balance (8% APR): $29,000 Monthly student loan payments: $650 Car Loans (9% APR): $39,000 (outstanding balance on 2 cars) Groceries: $590 Monthly transit passes (two): $250 Monthly Utilities: $169 Other monthly bills: $410 Monthly car payments: $1,100 (on two cars) Checking account Mr Smith balance: $1,000 Checking account Mrs Smith balance: $4,000 RRSP (earning 6%): $128,000 Mutual Funds (earning 8%): $23,000 Calculate the following ratio: Liquidity Ratio (4 Points) Explain what the liquidity ratio shows for the Smiths and explain whether this is of concern to them? (6 points)