a$)$ State the FIVE steps in planning personal financial affairs.

b$)$ List any THREE financial plans, and identify the goal associated with each

financial plan.

c$)$ The following is an extract of Betty Soh's financial position as at $31$

December $2015.$

Betty's Total Liabilities include a $$288000$ housing loan and a $$53500$ car

loan. His total income for the year $2015$ was $$76000.$

Calculate the following financial ratios for Betty, correct to $2$ decimal

places.

$($i$)$ Solvency ratio

$($ii$)$ Liquidity ratio

$($iii$)$ Gearing ratio