Faith Brooks, a $28-$year$-$old college graduate; never took a personal finance class. She pays her bills on time, has managed to save a little in a mutual fund, and $($with the help of an innentance$)$ managed a down payment on a condominium. But Faith worries about her financial situation. Using the following information, $,$ prepare a personal income statement $($Worksheet $4,$ for the year and balance sheet $($Worksheet $5,)$ for Faith. Calculate her current ratio, savings ratio, monthly living expenses covered ratio, debt ratio, and long$-$term debt coverage ratio. Interpret these financial statements and ratios for Faith. Based on your assessment, what advice would you give Faith? In addition to the following list, Faith offers these explanations:

All short$-$term and long$-$term liabilities are unpaid.

"Other expenses, monthly" represents cash spent without a record.

She charges all incidentals on her credit cards and pays the balances off monthly. The balances shown here, $,$ represent her average monthly balances.

$($Select from the drop$-$down menu and round to the nearest dollar.$)$

Faith Brooks' Income Statement $($yearly$)$

Faith's Take$-$Home Pay

Data table

$($Click on the following icon $$ in order to copy its contents into a spreadsheet.$)$

$\backslash$table$[[$Visa bill,$$355,$Checking account,$$823$