Calculate your net worth and your debt ratio, current ratio, liquidity ratio, debt payment ratio, and...

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Finance

Calculate your net worth and your debt ratio, current ratio,liquidity ratio, debt payment ratio, and inflows and outflows, doyou have a shortage or surplus.
Current Value of your home $330,000 Monthly gas $300.00
Balance of car loan $27,000 Monthly utilities $500.00
Balance of student loans $29,000 Monthly groceries$1100.00
Value of car $40,000 Monthly meals out $400.00
Balance of Mortgage $200,000 Monthly cable/internet$150.00
Household contents $19,000 Monthly cell phone $275.00
Stock portfolio 194,000 Monthly Miscellaneous $75.00
Balance of personal loan 20,000 Monthly Insurance & taxespayment $480.00
Balance of credit card $2,000 Monthly car payment$600.00
Balance of medical bills $1,000 Monthly car insurance$240.00
Liquid Assets $8,500 Monthly credit card payment $100.00
Monthly student loan payment $450.00 Monthly personal loanpayment $350.00
Monthly income $8,500
Monthly Mortgage payment $1,000

Answer & Explanation Solved by verified expert

4.5 Ratings (1055 Votes)

To calculate the ratios first bifurcate the given items as assets or liabilities The bifurcation is given below Description Amount Type Stock Portfolio 194000 Current Asset liquid assets 8500 Current Asset Home 330000 NonCurrent Assets Car 40000 NonCurrent Assets Household Contents 19000 NonCurrent Assets Balance of Credit card 2000 Current Liabilities See Answer

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