Your clients, Marleen and Bob, would like to retire in 25 years when they turn 67. They want the plan to go for 37 years in retirement. Marleen currently earns $110,000 and Bob earns $104,000. Marleen saves $14,500 in her 401(k) plan and Bob saves $10,400 to his. Both of their companies match 3% of their salaries. They also save an additional $6,000 towards an HSA. They have current liabilities of $13,000. Their housing costs (PITI) total $1,783 per month. They currently have $20,773 in cash/checking. They have $7,220 in monthly nondiscretionary cash flows and pay $729 per month on car loans.

1. Based on the information above, calculate Marleen and Bobs emergency fund ratio in months. (1 pt)
   1. 1.16 months
   2. 1.60 months
   3. 2.88 months
   4. 3.00 months
2. Based on the information above, calculate Marleen and Bobs housing ratio 1. (1.5 pts)
   1. 14.09%
   2. 20.16%
   3. 9.99%
   4. 11.87%
3. Based on the information above, calculate Marleen and Bobs savings rate. (2 pts)
   1. 17.44%
   2. 11.64%
   3. 14.44%
   4. 14.64%
4. Based on the information above, calculate Marleen and Bobs housing ratio 2. (1.5 pts)
   1. 14.09%
   2. 20.16%
   3. 9.99%
   4. 11.87%

5. Based on the information above, calculate Marleen and Bobs current ratio in months. (1 pt)
   1. 1.16 months
   2. 1.60 months
   3. 2.88 months
   4. 3.00 months

6. You currently manage Jacks investment portfolio. He saved $5,000 in his IRA this year. He provided you with the following information for the beginning and end of the year: (2 pts)

	Beginning of Year	End of Year
Total Retirement/Investment Balance	$100,000	$115,000
IRA Balance Only	$75,000	$82,000
Net Worth	$1,000,000	$970,000

Which of the following statements is correct?

1. The return on investments ratio is within the normal range.
2. The return on the IRA ratio is 10%.
3. The return on net worth ratio is 3.5%.
4. The return on investments, return on IRA, and return on net worth ratios are all within the normal range.