Week #$3$ In Class Group Assignment

$($Evaluated for $20$ marks$)$

Ruth $(31)$ is your new client. She graduated from GBC five years ago. Since then, she has worked hard

and progressed at her job. Two years ago, she bought a condo and now she finds that money is tight.

She is looking for your input on her financial position. Below is the financial data she provides for

Incomes and expenses are annual, assets and liabilities are balances on Dec $31,2022.$

Prepare a complete Net worth Statement $(4$ marks$)$

Prepare a complete Cash flow statement $(4$ marks$)$

Assess fully Ruth's cash flow statement from q$.2$ above $(2$ marks$)$

Calculate and EVALUATE her Emergency Fund Ratio $(2$ marks$)$

Calculate and EVALUATE her savings ratio $(2$ marks$)$

Calculate and EXPLAIN her Debt Ratio $(2$ marks$)$

Calculate and EVALUATE her Total Debt Service Ratio $(2$ marks$)$

Identify and justify which expense $($s$)$ you recommend she decreases. Ensure you EXPLAIN

FULLY your rationale for the expense $($s$)$ included $(2$ marks$)$

Remember to show all formulas and calculations and not just a final number as answers. Answers

without the steps & formulas will not be awarded marks. While you may use excel to help with

calculations, your submission should be on Word$/$pdf files only. Make sure your document is well

formatted and suitable to be presented to your client Ruth.