What are the main purposes of personal financial statements

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Reference no: EM131485874

Question: 1. What are the benefits of an organized system of financial records and documents?

2. What are the main purposes of personal financial statements?

3. Jan Franks has liquid assets of $6,300 and monthly expenses of $2,100. Based on the liquidity ratio, she has months in which living expenses could be paid if an emergency arises.

Reference no: EM131485874

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