Question
What is Darren and Kathys emergency fund ratio? Darren and Kathy gave you the following financial information for the year 2018. Current assets $10,243 Current
What is Darren and Kathys emergency fund ratio?
Darren and Kathy gave you the following financial information for the year 2018.
| Current assets |
| $10,243 |
| Current liabilities |
| $6,921 |
| Monthly nondiscretionary expenses |
| $4,193 |
| Yearly income |
| $70,000 |
| Annual debt expenses (excluding monthly housing costs) |
| $22,084 |
| 1. | 2.20 months | |
| 2. | 2.44 months | |
| 3. | 2.33 months | |
| 4. | 2.15 months |
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
