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Learning Objectives: ● LG3: Use financial statements to calculate ratios and debt limitation. LG4: Identify how to avoid bad approaches to debt management. Section I: ● Please use the financial statement below to calculate the ratios listed in the below table. The Mitchells total yearly income available for living expenses is $56,000 a year. Please make sure to show your work on the calculations! Assets Home Cars Bank Account Savings Account 401k $ 172,000.00 $ 12,900.00 $ 2,379.00 $ 4,950.00 $ 26,000.00 Area Current Ratio Month's Living Expenses Covered Ratio Debt Ratio Long-Term Debt Coverage Ratio The Mitchells Liabilities Home Cars Student Loans Other Living Expenses Current Bills Ratios Calculations Monthly Total Owed $1,375.00 $ 112,000.00 $412.00 $ 14,900.00 $215.00 $ 38,790.00 $ 1,890.00 $ 496.00 Answers

Learning Objectives: ● LG3: Use financial statements to calculate ratios and debt limitation. LG4: Identify how to avoid bad approaches to debt management. Section I: ● Please use the financial statement below to calculate the ratios listed in the below table. The Mitchells total yearly income available for living expenses is $56,000 a year. Please make sure to show your work on the calculations! Assets Home Cars Bank Account Savings Account 401k $ 172,000.00 $ 12,900.00 $ 2,379.00 $ 4,950.00 $ 26,000.00 Area Current Ratio Month's Living Expenses Covered Ratio Debt Ratio Long-Term Debt Coverage Ratio The Mitchells Liabilities Home Cars Student Loans Other Living Expenses Current Bills Ratios Calculations Monthly Total Owed $1,375.00 $ 112,000.00 $412.00 $ 14,900.00 $215.00 $ 38,790.00 $ 1,890.00 $ 496.00 Answers

Essentials Of Investments
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
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Learning Objectives: LG3: Use financial statements to calculate ratios and debt limitation. LG4: Identify how to avoid bad approaches to debt management. Section I: Please use the financial statement below to calculate the ratios listed in the below table. The Mitchells total yearly income available for living expenses is $56,000 a year. Please make sure to show your work on the calculations! Assets Home Cars 3320: Unit 1 Project LG3 and LG4 $ 172,000.00 $ 12,900.00 Bank Account $ Savings Account $ 401k 2,379.00 4,950.00 $ 26,000.00 Area Current Ratio Month's Living Expenses Covered Ratio Debt Ratio Long-Term Debt Coverage Ratio The Mitchells Liabilities Home Cars Student Loans Other Living Expenses Current Bills Ratios Calculations Monthly Total Owed $1,375.00 $ 112,000.00 $ 412.00 14,900.00 $ 215.00 $ 38,790.00 $1,890.00 $ 496.00 Answers
Transcribed Image Text:Learning Objectives: LG3: Use financial statements to calculate ratios and debt limitation. LG4: Identify how to avoid bad approaches to debt management. Section I: Please use the financial statement below to calculate the ratios listed in the below table. The Mitchells total yearly income available for living expenses is $56,000 a year. Please make sure to show your work on the calculations! Assets Home Cars 3320: Unit 1 Project LG3 and LG4 $ 172,000.00 $ 12,900.00 Bank Account $ Savings Account $ 401k 2,379.00 4,950.00 $ 26,000.00 Area Current Ratio Month's Living Expenses Covered Ratio Debt Ratio Long-Term Debt Coverage Ratio The Mitchells Liabilities Home Cars Student Loans Other Living Expenses Current Bills Ratios Calculations Monthly Total Owed $1,375.00 $ 112,000.00 $ 412.00 14,900.00 $ 215.00 $ 38,790.00 $1,890.00 $ 496.00 Answers
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