Question: I completed part a already below, please correct if anythings wrong Total Liabilities: $180,000 Anne wants to obtain a better understanding of her expenses and
I completed part a already below, please correct if anythings wrong
Total Liabilities: $180,000
Anne wants to obtain a better understanding of her expenses and so decided to track them on a spreadsheet for the month of September.
A copy of the spreadsheet is included below.
| Expense For the Month of September, 2023 | Amount ($) |
| Rent | 1,200 |
| Rogers Cable | 175 |
| Hydro/Electricity | 100 |
| Water | 155 |
| Cell Phone | 110 |
| Food/Groceries | 500 |
| Car Expenses (Gas, insurance, etc.) | 350 |
| Medical Insurance | 200 |
| Clothing/Personal Items | 575 |
| Gym Membership | 100 |
| Entertainment Expense | 350 |
| Monthly Living Expenses | 3,815 |
REQUIRED:
a. Using the information above, calculate Anne's Net Cash Flow for the month of September 2023.Show your detailed calculation.(11 Marks)
b. What can you conclude from Anne's Cash Flow Statement for September? Provide two conclusions about Anne's cash flow.(4 Marks)
PART II Ratio Analysis (Out of 9 Marks)
Use the information in Part I above to:
a) calculate the following financial ratios for Anne's account(6 Marks):
Current Ratio
Liquidity Ratio
Debt-to-Asset Ratio
Explain the results of each of the ratio calculations above.(3 Marks)
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