Reference no: EM133430599

David Foster, age 44, works at the Daisy Lark corporation, a mid-sized company that supplies machine parts to dairy farms and cattle ranches. David has been with the company for 16 years. He plans to retire with 35 years of service at age 62. David grew up in Kentucky but moved to Richmond to attend college which is where he met and married Briana 20 years ago. They lived and worked in Charlotte, NC until David was offered a higher paying job at Daisy Lark which is located outside of Baltimore, in Reisterstown.

Briana Foster, age 44, grew up in Macon, Georgia and loves the outdoors. She moved to Richmond in high school, due to her father's job transfer. College is where she met, and ultimately married, David. Briana has been in and out of the work force due to having three children, but has been with her current employer, Landgrab Realty, for five years. She expects to work until age 62.

Based on the information provided in the Phase 1 Packet on Blackboard you are to:

1 - Prepare the client's Balance Sheet, as well as Amortization tables for any Loans. Clean up and properly Format the Statement of Income and Expenses provided (Your intern Devin took a shot at putting it together from your notes and the information provided by the fosters.)

2 - an analysis using the categories of financial ratios listed in Chapter 4 of FFP including: 1) Liquidity Ratios, 2) Debt Ratios, and 3) Ratios for Financial Security Goals (skip Performance Ratios) SEE EXHIBIT 2.13 ON PAGE 46.

3 - Provide a written explanation as to the results and significance of these ratio analyses, explained as if you were explaining it to the client. Include detailed recommendations about how they might improve any ratios that are not within their benchmark. Also, provide detailed recommendations as to how they might improve their cash Flow.