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Your clients, Sam and Janette Davis, (age 53 and 52, respectively) have the following inflows, outflows, and account balances: Annual planned personal savings contributions $16,000

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Your clients, Sam and Janette Davis, (age 53 and 52, respectively) have the following inflows, outflows, and account balances: Annual planned personal savings contributions $16,000 Annual debt payments |$15,502 Total annual outflows (including savings contributions, debt payments and $172,076 taxes) Total annual inflows Pre-tax $182,200 After-tax |$152.700 403(b) retirement plan contributions made by employer $7.452 |$8,082 Current liabilities S188.980 Long term liabilities Cash/Cash equivalents $46,462 A. Calculate the Davis family's Net Worth. (6 points) B. Calculate the Davis family's Cash Surplus/Deficit (Unidentified Cash Flow). (6 points) C. Calculate the Davis' savings rate. (6 points) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph Arial > V 10pt 111 Clear formatting tu IM

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