Financial Statement

As of February 1, 2013
Assets Monetary Assets Cash on hand Checking account Savings accounts Savings bonds Certificate of Deposit Accounts Receivable Total Monetary Assets Tangible Assets Automobile Household furnishings Personal Property Total Tangible Assets Investment Assets Art Total Investment Assets Total Assets

$ 350.00 $ 1,845.27 $ 5,988.19 $ 1,300.00 $ 3,000.00 $ 515.00__ $12,998.46 $10,000.00 $ 2,000.00 $ 2,000.00 $14,200.00 $ $ 600.00 600.00 $27,798.47

Liabilities Short-Term Monthly Rent Credit Card Debt Bills Total Short Term Liabilities Net Worth Total Liabilities and Net Worth

$ 1,250.00 $ 288.00 $ 227.76 $ 1,765.76 $26,032.71 $27,798.47

Income and Expense Statement January 1 2013 to February 1, 2013 Income Monthly Check $1800.00 Roommates Rent $ 515.00 Nannying $ 120.00 Total Income $2435.00 Expenditures 1. Fixed Rent $1250.00 Savings $ 50.00 Total Fixed Expenditures $1300.00 2. Variable Meals $ 122.98 Transportation $ 90.00 Utilities $ 110.00 Clothing and accessories $ 120.00 Personal Care $ 100.00 Groceries $ 320.06 Entertainment $ 50.00 Television $ 127.16 Total Variable Expenditures $1040.20 Total Expenditures $2,340.20

Ratios Liquidity Basic liquidity ratio = Monetary (liquid) assets Monthly expenses 1. 5.55 = $12,998.46 $2,340.20

2. This ratio shows that this person could live just over 5 months on the monetary assets they already have. This meaning that if this persons income were to stop the person could live as they did between January 1 and February 1 for 5 months. Asset-to-debt Asset-to-debt ratio = Total assets Total debt

$27,798.47 1. 15.74 = $ 1,765.76 2. This ratio shows if you have enough money to cover your debts. In this example the person has a very high ratio due to having a very low amount of debt. Debt service-to-income Debt service-to-income ratio = Annual debt repayment Gross income

1. .51% = $1250.00 $2435.00 2. This shows that .51% of this persons money goes toward their rent repayments. Debt payments-to-disposable income Debt payments-to-disposable income = Monthly nonmortgage debt repayments Monthly disposable income

1. Since there are no long term liabilities the ratio would be zero. The rate you would hope to be under is 14%.

Investment Assets-to-Total Assets Investment Assets-to-Total Assets Ratio = 600 1. .021 = th a $27,798.47 2. This person has made no real investments except in art. This information shows that this person needs to make an investment with a goal in mind. Investment assets Total assets