Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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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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