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.