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 Fanny Han's financial position as at $31$

December $2015.$

Fanny's Total Liabilities include a $$638000$ housing loan and a $$56$

$000$ car loan. Her total income for the year $2015$ was $$145000.$

Calculate the following financial ratios, correct to $2$ decimal places

$($i$)$ Solvency ratio

$($ii$)$ Liquidity ratio

$($iii$)$ Gearing ratio