Question: There are SEVEN (7) questions in this section. Answer ALL questions in Microsoft Word. Items RM Foods and entertainment expenses per month 1 590 Bank

There are SEVEN (7) questions in this section. Answer ALL questions in Microsoft Word.

Items RM
Foods and entertainment expenses per month 1 590
Bank account 55 855
House 95 000
Instalment loan 15 500
Vehicles 15 600
House loan 22 400
Investment 17 990
Credit card balance 1 200
Loan payment per month 550
Phone purchase 5 670
Laptop and printer purchase 9 650
Cash 7 000

Based on the information above:
a) Help Sara to construct her balance sheet for the year ended 2020. (6 Marks)
b) Based on your answer, calculate her current and debt ratio. Give an explanation for each of your answers.

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