Part

$1$

$.$

$$

Indicate beside the items listed above, whether they are an asset, liability, inflow, or expense.

$1$

$.$

$$Prepare Jack and Dianne

$$

s Net worth Statement using proper format.

$2$

$.$

$$Prepare Jack and Dianne

$$

s Cash Flow statement using proper format. Hint: You will need to calculate their CPP and EI contributions.

Part

$2$

$.$

$$

$1$

$.$

$$calculate each ratio for "Jack & Dianne"

$2$

$.$

$$explain whether each ratio shows "Jack & Dianne" as being in a good financial position or not so good financial position.