Question
Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $14,000; home value: $210,000; monthly mortgage payment: $1,400;
Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $14,000; home value: $210,000; monthly mortgage payment: $1,400; investment assets: $85,000; personal property: $22,000; total assets: $331,000; short-term debt: $2,400 ($200 a month); long-term debt: $160,000 ($2,200 a month); total debt: $162,400; monthly gross income: $11,000; monthly disposable income: $6,500; monthly expenses: $4,500. Calculate the ratios below. Round your answers to two decimal places. Liquidity ratio. Asset-to-debt ratio. Debt-to-income ratio. % Debt payments-to-disposable income ratio. % Investment assets-to-total assets ratio. %
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