Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Week # 3 In Class Group Assignment ( Evaluated for 2 0 marks ) Ruth ( 3 1 ) is your new client. She graduated

Week #3 In Class Group Assignment
(Evaluated for 20 marks)
Ruth (31) 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 31,2022.
Prepare a complete Net worth Statement (4 marks)
Prepare a complete Cash flow statement (4 marks)
Assess fully Ruth's cash flow statement from q.2 above (2 marks)
Calculate and EVALUATE her Emergency Fund Ratio (2 marks)
Calculate and EVALUATE her savings ratio (2 marks)
Calculate and EXPLAIN her Debt Ratio (2 marks)
Calculate and EVALUATE her Total Debt Service Ratio (2 marks)
Identify and justify which expense (s) you recommend she decreases. Ensure you EXPLAIN
FULLY your rationale for the expense (s) included (2 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 Word/pdf files only. Make sure your document is well
formatted and suitable to be presented to your client Ruth.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Markets And Institutions

Authors: Jeff Madura

5th Edition

0324027443, 9780324027440

More Books

Students also viewed these Finance questions

Question

What is a residual plot?

Answered: 1 week ago

Question

Excel caculation on cascade mental health clinic

Answered: 1 week ago