4. a) b) State the FIVE steps in planning personal financial affairs. List any THREE financial plans, and identify the goal associated with each financial plan. c) The following is an extract of Betty Soh's financial position as at 31 December 2015. Asset ($) Liquid Assets Other Assets Total Assets 33 000 745 000 778 000 Liabilities and Net Worth ($) (i) Solvency ratio (ii) Liquidity ratio (iii) Gearing ratio Total Liabilities Net Worth Total Liabilities and Net Worth 357 000 421 000 778 000 Betty's Total Liabilities include a $288 000 housing loan and a $53 500 car loan. His total income for the year 2015 was $76 000. Calculate the following financial ratios for Betty, correct to 2 decimal places.
4. a) b) State the FIVE steps in planning personal financial affairs. List any THREE financial plans, and identify the goal associated with each financial plan. c) The following is an extract of Betty Soh's financial position as at 31 December 2015. Asset ($) Liquid Assets Other Assets Total Assets 33 000 745 000 778 000 Liabilities and Net Worth ($) (i) Solvency ratio (ii) Liquidity ratio (iii) Gearing ratio Total Liabilities Net Worth Total Liabilities and Net Worth 357 000 421 000 778 000 Betty's Total Liabilities include a $288 000 housing loan and a $53 500 car loan. His total income for the year 2015 was $76 000. Calculate the following financial ratios for Betty, correct to 2 decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:4.
a)
b)
State the FIVE steps in planning personal financial affairs.
List any THREE financial plans, and identify the goal associated with each
financial plan.
c)
The following is an extract of Betty Soh's financial position as at 31
December 2015.
Asset ($)
Liquid Assets
Other Assets
Total Assets
33 000
745 000
778 000
Liabilities and Net Worth ($)
(i) Solvency ratio
(ii) Liquidity ratio
(iii) Gearing ratio
Total Liabilities
Net Worth
Total Liabilities and
Net Worth
357 000
421 000
778 000
Betty's Total Liabilities include a $288 000 housing loan and a $53 500 car
loan. His total income for the year 2015 was $76 000.
Calculate the following financial ratios for Betty, correct to 2 decimal
places.
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