Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $14,000; home value: $230,000; monthly mortgage payment: $1,350; investment assets: $95,000; personal property: $22,000; total assets: $361,000; short-term debt: $4,200 ($350 a month); long-term debt: $170,000 ($2,200 a month); total debt: $174,200; monthly gross income: $14,000; monthly disposable income: $6,400; monthly expenses: $6,500. Calculate the ratios below. Round your answers to two decimal places.

Following data is used

Liquid assets: $14,000

home value: $230,000

monthly mortgage payment: $1,350

investment assets: $95,000

personal property: $22,000

total assets: $361,000

short-term debt: $4,200 ($350 a month)

long-term debt: $170,000 ($2,200 a month)

total debt: $174,200;

monthly gross income: $14,000

monthly disposable income: $6,400

monthly expenses: $6,500.

1. Liquidity ratio = Liquid Asset / Short term debt = 14,000 / 4,200 = 3.33 = 333%

2. Asset-to-debt ratio = Total Asset / Total Debt = 361,000 / 174,200 = 2.07 = 207%

3. Debt-to-income ratio

Total Debt / Gross monthly Income = 174,200 / 14,000 = 12.44 = 1244%

Or

Monthly Debt payment / Monthly gross income = ( 2,200 + 350 ) / 14,000 = 0.1821 = 18.21%

4. Debt payments-to-disposable income ratio = Total Monthly Debt / Monthly Disposable Income = ( 2,200 + 350 ) / 6,400 = 2,550 / 6400 =  0.3984 = 39.84%

5. Investment assets-to-total assets ratio = Total Investment Assets / Total Assets = 95,000 / 361,000 = 0.2632 = 26.32%

Explanation:

* The ratios to be calculates has been mentioned in this question, so  A similar question is attached with this answer. The answer is made according to the requirement of the attached question.