Financial Ratio Analysis $(10$ points$)$

Jarrod is a college student. All of Jarrod's disposable income is used to pay his college$-$related expenses. He

and his friend went on a vacation to New York City where he charged a total of $$2,000$ on his credit card.

Jarrod has $$20$ in his wallet, and $$5,000$ in his bank account. Recently, he purchased a new car for commuting

with a market value of $$15,000.$ He used the full balance from his bank account as a down payment and

financed the remaining through a $5-$year car loan. In addition, Jarrod owns an old TV valued at approximately

$$100$ and other furniture assets totaling $$150.$

a$)$ What is Jarrod's liquidity ratio? What does this ratio indicate about Jarrod's financial position? $(5$ pts$)$

b$)$ What is Jarrod's debt$-$to$-$asset ratio? Winat does this indicate about Jarrod's financial position? $(5$ pts$)$