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How much will net worth increase or decrease

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Ledio and Isabel Greene have the following assets, liabilities, income, and expenses. Use this information to answer the questions that follow:

Yearly income: $99,000

Value of home: $190,000

Value of cars: $32,000

Monetary Assets: $30,000

Mortgage on house: $150,000 with twenty-four years remaining on the loans

Auto loans: $14,000 with three years remaining on the loans

Student loans: $92,000 with five years remaining on the loans

Mortgage payment: $1,200

Utilities: $500

Car payments: $550

Groceries: $900

Taxes: $3,000

Discretionary expenses: $1,000

Question 1: What is their current net worth situation?

Question 2: What is their current discretionary cash flow position?

Question 3: What is their current ratio?

Question 4: What is their debt ratio?

Question 5: What is their savings ratio (assume that any discretionary cash flow is used for savings)?

Question 6: Ledio and Isabel are considering purchasing a new car. The car will cost $30,000. They plan to borrow the entire amount of the car purchase. By how much will their net worth increase or decrease?

Reference no: EM132566584

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