Calculate the Long-Term Debt Coverage Ratio based on the information below (show all work for credit)

Assets Cash $ 500L $ 1.200 $- $ 500 $ 90 $ 2,290 $ 5,600 Checking Savings/CDs Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks Bonds Life Insurance (cash-value) Cash Value of Annuities Investment Real Estate (REITS, partnerships) Liabilities Current Bills (unpaid 5350 balance) Visa $ 8,000 Master Card Other Credit Cards Credit Card Debt $8,000 First Mortgage $ 105,000 2nd Home Mortgage $ 100,000 Home Equity Loan $9,000 Other Housing Debt Housing $ 214,000 Automobile 1 $3,000 $ Automobile 2 Other investments Investments 401(k) and 403(b) $ 5,600 $ 2,500 $3,000 $4,000 Company Pension Other Automobile Loans Automobile Loans College Loans Loans on Life Insurance Policies Bank Loans Installment Loans Other Other Debts Keogh IRA Other Retirement Plans Retirement Plans $ 8.000 $1,000 $ 10,500 M. $ 5,000 Primary Residence 170,000 $. 2nd Home N. Total Debt ladd lines s 230.350 through M) Time-Shares/Condominiums Other Housing Net Worth D. Housing (market value) Automobile 1 Automobile 2 170,000 $ 8.000 N. Total Assets Less: Total Debt Equals: Net Worth $ 207,390 $ 230,350 $(22.960) $- E. $ 8,000 $ 11,000 Automobiles Collectibles Boats Furniture Other Personal Property Personal Property Money Owed You Market Value of Your Business Other Other Assets F. $ 11,000 G. H. Total Assets (add lines A through $ 207,390 $ 57,500 $- Income Wages and salaries Wage Earner 1 Wage Earner 2 Total Wages and salaries + Interest and Dividends + Royalties, Commissions and Rents + Other Income A. Total Income $57,500 $ 720 $ 58,220 Taxes Federal Income and Social Security + State Income B. Total Income Taxes $ 11,830 $ 1,880 $ 13,710 $ 44,510 C. After-Tax Income Available for Living Expenditures or Take-Home Pay (line A minus line B) Living Expenses Housing Rent + Mortgage Payments + Utilities Maintenance, Taxes, Furniture. Other D. Total Housing Expenditures $ 19,656 $ 10,820 $ 30,476 Food Food and Supplies + Restaurant Expenses E. Total Food Expenditures $ 5,800 $ 1,400 $ 7,200 Clothing and Personal Care F. Total Clothing and Personal Care Expenditures $ 2,590 Transportation Automobile Purchase + Payments + Gas, Tolls, Parking. Other G. Total Transportation Expenditures $ 2,588 $ 1,550 $ 4,138 Recreation + Vacations + Other Recreation Expenses H. Total Recreation Expenditures $ 2.000 $ 1,700 $ 3,700 Insurance Expenditures Health + Life + Automobile + Disability J. Total Insurance Expenditures $ 420 $ 1,260 $ 260 $ 1,940 Other Expenditures Educational Expenditures (college loans 1600 payment) + Child Care $ 180 + Other Expenses K. Total Other Expenditures $ 1.780 L. Total Living Expenditures (add lines D-K) $ 52,234 M. Income Available for Savings and $(7,724) Investment Assets Cash $ 500L $ 1.200 $- $ 500 $ 90 $ 2,290 $ 5,600 Checking Savings/CDs Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks Bonds Life Insurance (cash-value) Cash Value of Annuities Investment Real Estate (REITS, partnerships) Liabilities Current Bills (unpaid 5350 balance) Visa $ 8,000 Master Card Other Credit Cards Credit Card Debt $8,000 First Mortgage $ 105,000 2nd Home Mortgage $ 100,000 Home Equity Loan $9,000 Other Housing Debt Housing $ 214,000 Automobile 1 $3,000 $ Automobile 2 Other investments Investments 401(k) and 403(b) $ 5,600 $ 2,500 $3,000 $4,000 Company Pension Other Automobile Loans Automobile Loans College Loans Loans on Life Insurance Policies Bank Loans Installment Loans Other Other Debts Keogh IRA Other Retirement Plans Retirement Plans $ 8.000 $1,000 $ 10,500 M. $ 5,000 Primary Residence 170,000 $. 2nd Home N. Total Debt ladd lines s 230.350 through M) Time-Shares/Condominiums Other Housing Net Worth D. Housing (market value) Automobile 1 Automobile 2 170,000 $ 8.000 N. Total Assets Less: Total Debt Equals: Net Worth $ 207,390 $ 230,350 $(22.960) $- E. $ 8,000 $ 11,000 Automobiles Collectibles Boats Furniture Other Personal Property Personal Property Money Owed You Market Value of Your Business Other Other Assets F. $ 11,000 G. H. Total Assets (add lines A through $ 207,390 $ 57,500 $- Income Wages and salaries Wage Earner 1 Wage Earner 2 Total Wages and salaries + Interest and Dividends + Royalties, Commissions and Rents + Other Income A. Total Income $57,500 $ 720 $ 58,220 Taxes Federal Income and Social Security + State Income B. Total Income Taxes $ 11,830 $ 1,880 $ 13,710 $ 44,510 C. After-Tax Income Available for Living Expenditures or Take-Home Pay (line A minus line B) Living Expenses Housing Rent + Mortgage Payments + Utilities Maintenance, Taxes, Furniture. Other D. Total Housing Expenditures $ 19,656 $ 10,820 $ 30,476 Food Food and Supplies + Restaurant Expenses E. Total Food Expenditures $ 5,800 $ 1,400 $ 7,200 Clothing and Personal Care F. Total Clothing and Personal Care Expenditures $ 2,590 Transportation Automobile Purchase + Payments + Gas, Tolls, Parking. Other G. Total Transportation Expenditures $ 2,588 $ 1,550 $ 4,138 Recreation + Vacations + Other Recreation Expenses H. Total Recreation Expenditures $ 2.000 $ 1,700 $ 3,700 Insurance Expenditures Health + Life + Automobile + Disability J. Total Insurance Expenditures $ 420 $ 1,260 $ 260 $ 1,940 Other Expenditures Educational Expenditures (college loans 1600 payment) + Child Care $ 180 + Other Expenses K. Total Other Expenditures $ 1.780 L. Total Living Expenditures (add lines D-K) $ 52,234 M. Income Available for Savings and $(7,724) Investment