What are the things m&m should be considering

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Reference no: EM133715875

Question: Based on M&M financial positions, what are the things M&M should be considering?
What is M&M's major goals?
Evaluate M&M goals with respect to how specific, measurable, action-oriented, realistic and time bound they are. Are these a short term or long-term goals?
What additional goals would you recommend to M&M for short and long term?
Prepare M&M financial statement. Including a personal cash flow statement and a personal balance sheet. Based on these statements, can you make specific recommendations to M&M about what they need to do to achieve their goals of paying off credit card balance and saving for their retirement.
Calculate M&M's current ratio, liquidity ratio, debt-to-assets ratio, and savings ratio. What do these ratios tell you about how their is managing his financial resources?
Consider M&M's goal to retire in 30 years by saving $3,500 per year starting five years from now.
Based on your analysis of M&M's cash flow and your recommendations, is saving $3,500 per year a realistic goal? If not, what other goal would you advise?
In order for M&M to know what the $3,500 per year will accumulate to in 30 years, what additional assumption (or piece of information) must he make (or have)?
Assuming that M&M invests $3,500 per year for 25 years, achieves an annual return of 9 percent, compounded monthly, how much will he accumulate in 25 years?

Reference no: EM133715875

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