Problem 2-6 Performing a ratio analysis [LO3] Rene is a 28-year-old occupational therapist living in the Annex district of Toronto. She recently graduated from the University of Toronto and now works as an independent contractor assessing the legitimacy of claims made by car accident victims. Like many students, Rene accumulated a large student debt during her years at university and plans to pay it off within the next five years. Cash Flow Statement For the Year Just Ended Income Professional billings $ 60,005 Less: Professional expenses and taxes (24,790 ) Professional income net of expenses and taxes $ 35,215 Dividends (after taxes) 220 Total Income $ 35,435 Fixed Expenses Rent 10,500 Student loan payments 3,800 Total Fixed Expenses $ 14,300 Variable Expenses Utilities, personal, food, clothing, and dental $ 13,685 Moving expenses 315 Credit card interest 1,100 Recreation/entertainment 1,980 Vacations 6,290 Total Variable Expenses $ 23,370 Total Expenses $ 37,670 Surplus/(Deficit) ($ 2,235 ) Personal Balance Sheet as of Today Assets Liquid Assets Bank account $ 1,630 Personal Possessions $ 11,180 Investment Assets BCE Shares $ 3,925 Total Assets $ 16,735 Liabilities Current Liabilities Credit card balances $ 8,755 Long-Term Liabilities Student loan 21,480 Total Liabilities $ 30,235 Net Worth ($ 13,500 ) picture Click here for the Excel Data File Using Renes financial statements, compute the following ratios: (Do not round intermediate calculations. Round your final answers to 2 decimal places. Negative values should be indicated by a minus sign.) Debt ratio 1.81 Current ratio 0.18 Liquidity ratio months