Question: please only answer part 2 and especially the two highlighted and please show how you do it.Thank you! 1) Use the following balance sheet and

please only answer part 2 and especially the two highlighted and please show how you do it.Thank you!

1) Use the following balance sheet and cash flow information to determine the net worth and net surplus for an individual in a recent month: Liquid Assets $15,000 Home Value $220,000 Investment assets: $120,000 Personal Property $30,000 Total assets: $385,000 Short Term Debt: $7000 ($250 a month) Monthly Mortgage Payment $1400 on a $180,000 mortgage Total Debt: $187,000 Monthly Gross Income: $11,000 Monthly Disposable Income $ 4000 Monthly Expenses: $7000 2) Now that the individual in question 1 has a better understanding of their situation, let's analyze further. Given the balance sheet and cash-flow statement information in question 1, calculate the following ratios see page 87: Liquidity Ratio Asset-to-Debt Ratio Debt-to-Income Ratio Debt payments-to-disposable income ratio Investment assets-to-total assets ratio

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