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Week # 3 In Class Group Assignment ( Evaluated for 2 0 marks ) Ruth ( 3 1 ) is your new client. She graduated
Week # In Class Group Assignment
Evaluated for marks
Ruth is your new client. She graduated from GBC five years ago. Since then, she has worked hard
and progressed at her job. Two years ago, she bought a condo and now she finds that money is tight.
She is looking for your input on her financial position. Below is the financial data she provides for
Incomes and expenses are annual, assets and liabilities are balances on Dec
Prepare a complete Net worth Statement marks
Prepare a complete Cash flow statement marks
Assess fully Ruth's cash flow statement from q above marks
Calculate and EVALUATE her Emergency Fund Ratio marks
Calculate and EVALUATE her savings ratio marks
Calculate and EXPLAIN her Debt Ratio marks
Calculate and EVALUATE her Total Debt Service Ratio marks
Identify and justify which expense s you recommend she decreases. Ensure you EXPLAIN
FULLY your rationale for the expense s included marks
Remember to show all formulas and calculations and not just a final number as answers. Answers
without the steps & formulas will not be awarded marks. While you may use excel to help with
calculations, your submission should be on Wordpdf files only. Make sure your document is well
formatted and suitable to be presented to your client Ruth.
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