Comment on the Taylors' financial condition regarding $($a$)$ solvency, $($b$)$ liquidity, $($c$)$ savings, and $($d$)$ ability to pay debts promptly. If the Taylors continue to manage their finances as described, what do you expect the long$-$run consequences to be$?$ Discuss for each ratio result.

a$.$ Solvency Ratio: This ratio shows the degree of exposure to insolvency or how much "cushion" you have as protection against insolvency. The Taylors have a Total Net Worth of $$128,545$ and Total Assets of $$410,870.$

Ratio:

Discussion:

b$.$ Liquidity Ratio: Taylor's have liquid assets of $$3,070$ and Total Current Debts of $$10,065.$

Ratio:

Discussion: