Question: a Prepare a Personal Balance Sheet for Ho. b Prepare a Cash Flow Statement for Ho. c How will you evaluate his current financial situation?

a Prepare a Personal Balance Sheet for Ho. b Prepare a

a Prepare a Personal Balance Sheet for Ho.

b Prepare a Cash Flow Statement for Ho.

c How will you evaluate his current financial situation?

1. The following table shows the items of assets, liabilities, cash inflows, and cash outflows for Ho in September. Rent $6500 Monthly take home salary $21850 Spending for food $3450 Cash in checking account $4500 Savings account balance $1890 Balance of education loan $21600 Current value of auto $88000 Phone bill paid for month $650 Credit card balance $2350 Loan payment $800 Auto insurance premium $2300 Household possessions $34000 $23500 Payment for electricity $900 equipment Spending on Lunches/Parking at work $1800 Donations $1600 Current value of personal computer $12000 Value of stock investment $8600 Cloth purchase $1100 Restaurant spending $1300

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