i need the answer quickly James and Sarah are a newly married couple with one kid; a daughter Amy, who is 2years old. The couple plan to have more kids in the future and feel it is time to improvetheir financial position and have approached you as their financial planner. To assistJames and Sarah, you have collected the following information: details of their income,expenditures, assets, and liabilities. You have used this information to compile a cashflow statement (monthly) and a statement of their assets and liabilities (per annum).The statements you have compiled are presented below.Cash flow StatementStatement of assets and liabilitiesIncomeR AssetsSalary: JamesSalary: Sarah23 000 House1 950 00025 000 Money market fund (MMF)40 000Total income48 000 Motor Vehicle600 000ExpenditureRHousehold contents130 000Groceries8 700 Cash in savings account8 000Water, Electricity, rates &taxes4 500 Total2 728 000Bond repaymentPetrol and Vehiclemaintenance16 500 Liabilities2 000 Bond1 500 000Contribution to MMF3 000 Finance on vehicle450 000Car repayments6 500 Credit card53 000Interest on overdraft950Overdraft23 000Credit card repayment1 600 Truworths clothing account21 000Truworths clothing account1 200 Nedbank personal loan56 000Nedbank personal loan2 000 Total liabilities2 103 000Total expenditure46 950 Net worth625 0001 calculate the solvency ratio for James and Sarah2 Calculate the liquidity ratio for James and Sarah3 Calculate the savings ratio for James and Sarah4 Calculate the debt service ratio for James andSarah

James and Sarah are a newly married couple with one kid; a daughter Amy, who is 2 years old. The couple plan to have more kids in the future and feel it is time to improve their financial position and have approached you as their financial planner. To assist James and Sarah, you have collected the following information: details of their income, expenditures, assets, and liabilities. You have used this information to compile a cash flow statement (monthly) and a statement of their assets and liabilities (per annum). The statements you have compiled are presented below.

James and Sarah are a newly married couple with one kid; a daughter Amy, who is 2 years old. The couple plan to have more kids in the future and feel it is time to improve their financial position and have approached you as their financial planner. To assist James and Sarah, you have collected the following information: details of their income, expenditures, assets, and liabilities. You have used this information to compile a cash flow statement (monthly) and a statement of their assets and liabilities (per annum). The statements you have compiled are presented below.

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter6: Building And Maintaining Good Credit

Section: Chapter Questions

Problem 1FPC

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