Question: Joanne has provided you with her net worth statement and has told you her monthly net income is $5,000 and monthly expenses are $3,800. Assets:

Joanne has provided you with her net worth statement and has told you her monthly net income is $5,000 and monthly expenses are $3,800.

Assets:

Chequing account $7,200

Non-registered money market fund $15,000 (emergencysavings)

TFSA Account $69,500 (savings for down payment on a home)

Car $20,000

Liabilities:

Credit card debt $1,000

Student loan $41,000

Using theinformationshe provided you, calculate herliquidityratio.Your answer should be a whole number, to two decimal places.

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