Pat and Marie have the following expenses and accountbalances:
Pat’s annual 401(k) plan contribution $ 16,500
Pat’s annualsalary $100,000
Currentliabilities $ 24,000
Housing costs (P&I&T&I)monthly $ 2,167
Cash & Cashequivalents $18,000
Monthly nondiscretionary cash flows $ 6,000
Monthly debt payments other than housing $ 500
* Pat’s employer matches $1 for $1 up to 3% of Pat’s salaryin his 401(k) plan.
1. Based on the information above, calculate Pat and Marie’scurrent ratio in numbers.
2. Based on the information above, calculate Pat and Marie’shousing ratio 1 in numbers.
3. Based on the information above, calculate Pat and Marie’shousing ratio 2.
4. Based on the information above calculate their savingsrate:
5. Based on the information above, calculate Pat and Marie’semergency fund ratio in numbers.
