Problem 2-6 Performing a ratio analysis [LO3] Renee 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, Renee 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, 405 Less: Professional expenses and taxes (24, 990) Professional income net of expenses and taxes $ 35, 415 Dividends (after taxes) 240 Total Income $ 35, 655 Fixed Expenses Rent 10, 700 Student loan payments 4, 000 Total Fixed Expenses $ 14, 700 Variable Expenses Utilities, personal, food, clothing, and dental $ 13, 885 Moving expenses 335 Credit card interest 1, 120 Recreation/entertainment 2, 000 Vacations 6, 310 Total Variable Expenses $ 23 , 650 Total Expenses $ 38, 350 Surplus/ (Deficit) ($ 2,695) Personal Balance Sheet as of Today Assets Liquid Assets Bank account $ 1, 650 Personal Possessions $11, 380 Investment Assets BCE Shares $ 4, 125 Total Assets $ 17, 155 Liabilities Current Liabilities Credit card balances $ 8, 955 Long-Term Liabilities Student loan 21,680 Total Liabilities $30, 635 Net Worth ($13, 480) picture Click here for the Excel Data File Using Renee's 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 Current ratio Liquidity ratio months