Monthly giving amount

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Reference no: EM133122904

Using Mr. Puddle's information below, what are his end of month financial ratios/metrics:

  • Monthly paycheck = $1,830
  • Monthly living expenses = $1,330
  • Monthly contribution to retirement account = $500
  • Monthly student loan payment = $650
  • Monthly giving amount = $335 

Month-end:

Checking account

$730

Student loan

$6,000

Retirement account

$7,500

Toyota Tacoma

$3,000

Calculate: 

1. Net worth

2. Monetary assets

3. Monthly current ratio (hint: use student loan payment, not student loan balance)

4. Emergency ratio assuming that his total budget for this month is his monthly living expense

5. Debt ratio 

6. Savings ratio 

7. Giving ratio (include both general giving + FFF) 

Reference no: EM133122904

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