Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. lets assume the following annual information provi

Lets assume the following annual information provided by your client. Student Loans $12,000...

90.2K

Verified Solution

Question

Finance

  1. Lets assume the following annual information provided by your client.
  • Student Loans $12,000
  • Auto Insurance $1,400
  • Utilities $1,900
  • After tax 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 clients financial situation. Comment on the ratio results by using targeted benchmarks.

  • Housing Ratio 1 =?
  • Housing Ratio 2 =?
  • Emergency fund =?
  • Current ratio =?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Net Present Value and Discounted Payback Period Using the amount of capital expenditures incurred in 2018 -1976.4...

Finance
Q

A trait that helps an organism survive and reproduce is called a n O adaptation...

Biology
Q

The escape velocity for a planet is ve A particle starts from rest at a...

Physics
Q

The three data sets have the same mean and range but is the variation the...

Basic Math
Q

While visiting Crimson Lake, Sally decided to go kayaking. The rangers charge $8.50 per hour...

Basic Math
Q

X y 20 2 3 3 5 X 4 6 20 5 9 A 6...

Calculus
Q

Respond to the requirements related to following independent revenue arrangements: 1) On June 1, Freedom...

Accounting
Q

PLEASE SHOW WORK AND PROVIDE EXPLANATION The Halpert Group produces a single product selling for...

Accounting
Q

Exercise 19-19 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options;...

Accounting
Q

The results of Morris's study of the influence of authentic leadership and ethical firm culture...

Accounting
Q

1. Cules son los beneficios de los gneros en la escritura tcnica? Explique con ejemplos....

Accounting
Q

Morning Sky, Inc. (MSI), manufactures and sells computer games. The company has several product lines...

Accounting