Using Mr. Puddle's information below, what are his end of month financial ratios/metrics: Monthly paycheck = $1,830
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Question:
Using Mr. Puddle's information below, what are his end of month financial ratios/metrics:
- Monthly paycheck = $1,830
- Monthly living expenses = $1,330
- Monthly contribution to retirement account = $500
- Monthly student loan payment = $650
- Monthly giving amount = $335
Month-end:
| Checking account | $730 |
| Student loan | $6,000 |
| Retirement account | $7,500 |
| Toyota Tacoma | $3,000 |
Calculate:
1. Net worth
2. Monetary assets
3. Monthly current ratio (hint: use student loan payment, not student loan balance)
4. Emergency ratio assuming that his total budget for this month is his monthly living expense
5. Debt ratio
6. Savings ratio
7. Giving ratio (include both general giving + FFF)
Expert Answer:
Here are Mr Puddles endofmonth financial ratios and metrics based on the information provided 1 Net ... View the full answer
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