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Financial Checkup

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The ratio is the division of liquid assets for the net worth statement by the monthly expenses from the income and expenses statement. I is recommendable that the result got after calculating the ratios should be 3. 0and above. Hwever, i this case, te ratio is below 3. 0the ratio is at 0.663, wich is not quite recommendable at all. Tis is, terefore, a indication that my firm as far as income and expenditure are concerned. T increase the basic liquidity ratio, Imust, terefore, rduce my expenses and saved income at a maximum value.

Dbt-to-asset ratio is the calculation got by the ratio of total liabilities from net worth statements and total assets from net worth statements. Te rate usually considered as solvency, wich is if an individual owes than they can own, ten they are considerable insolvent. I this case, Icannot sell all my assets to pay the debts that I have. Wth the recommendation, te ratio below 1. 0is better which indicates that the calculated ratio of 0.072 is considerable. Te ratio being below 1.

indicator that I have minimal liabilities in comparison to the total value of the total value of assets from the net worth statements. I a case of debt payment-to-income ratio, adivision of annual debt payments from income and expenses statement by the gross income from the income and expense statement calculates the rate. Te ratio indicates the ability to make the current debt payments. Wen calculating the ratio, te ratio below 0.36 is considerably adequate. Te rate from 0.36 to 0.41 is considerable marginal while a ratio above is uncertain.

I this case then, te calculated ratio of 0.666 is an unsafe rate. Dring the year 2013, tere was high capital spent on extra expenditure that is on the New Year’s contributions, isurance covers, Cristmas contributions, ad even fee payments. Wth the irregular spending that year, Iused extra capital that saved me in settle the high number of unexpected expenditure. Te level of investment I have had increased the expenditure rate, wich is an indicator that my retirement goal is great. Tere is an indication of elevated retirement of $288,357.

Ue of resolving saving check sheet showed me averagely how much I was required to save within that year if in case I was not having the irregular spending within the selected. ..

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