⦁ Let’s assume the following annual information provided by your client. ⦁ Student Loans $12,000 ⦁ Auto Insurance $1,400 ⦁ Utilities $1,900 ⦁ Gross income $88,000 ⦁ Rent $16,500 ⦁ Dry Cleaning $150 ⦁ Car Loan Payment $4,600 ⦁ Annual Savings $2,550 ⦁ Credit Cards Payment $1,000 ⦁ Entertainment $2,500 Calculate the following ratios to determine the client’s financial situation. Comment on the ratio results by using targeted benchmarks. ⦁ Housing Ratio 1 =? ⦁ Housing Ratio 2 =? ⦁ Emergency fund =? ⦁ Current ratio =?
⦁ Let’s assume the following annual information provided by your client. ⦁ Student Loans $12,000 ⦁ Auto Insurance $1,400 ⦁ Utilities $1,900 ⦁ Gross income $88,000 ⦁ Rent $16,500 ⦁ Dry Cleaning $150 ⦁ Car Loan Payment $4,600 ⦁ Annual Savings $2,550 ⦁ Credit Cards Payment $1,000 ⦁ Entertainment $2,500 Calculate the following ratios to determine the client’s financial situation. Comment on the ratio results by using targeted benchmarks. ⦁ Housing Ratio 1 =? ⦁ Housing Ratio 2 =? ⦁ Emergency fund =? ⦁ Current ratio =?
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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⦁ Let’s assume the following annual information provided by your client.
⦁ Student Loans $12,000
⦁ Auto Insurance $1,400
⦁ Utilities $1,900
⦁ Gross income $88,000
⦁ Rent $16,500
⦁ Dry Cleaning $150
⦁ Car Loan Payment $4,600
⦁ Annual Savings $2,550
⦁ Credit Cards Payment $1,000
⦁ Entertainment $2,500
Calculate the following ratios to determine the client’s financial situation. Comment on the ratio results by using targeted benchmarks.
⦁ Housing Ratio 1 =?
⦁ Housing Ratio 2 =?
⦁ Emergency fund =?
⦁ Current ratio =?
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