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  3. lets assume the following annual information provi

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

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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 =?

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