Solution for QID #12522: Renée is a 28-year-old occupational therapist living | StudyHelpMe

Renée is a 28-year-old occupational therapist living in the Annex district of Toronto. She recently graduated from the University of Toronto and now works as an independent contractor assessing the legitimacy of claims made by car accident victims. Like many students, Renée accumulated a large student debt during her years at university and plans to pay it off within the next five years.   Cash Flow Statement For the Year Just Ended   Income     Professional billings$58,805       Less: Professional expenses and taxes (24,190)          Professional income net of expenses and taxes   $34,615    Dividends (after taxes)    160           Total Income   $34,775    Fixed Expenses         Rent    9,900    Student loan payments    3,200           Total Fixed Expenses   $13,100    Variable Expenses         Utilities, personal, food, clothing, and dental  $13,085    Moving expenses    255    Credit card interest    1,040    Recreation/entertainment    1,920    Vacations    6,230           Total Variable Expenses   $22,530      Total Expenses   $35,630      Surplus/(Deficit)   ($855)   Personal Balance Sheet as of Today   Assets      Liquid Assets       Bank account$1,570    Personal Possessions$10,580    Investment Assets       BCE Shares$3,325        Total Assets$15,475    Liabilities      Current Liabilities       Credit card balances$8,155    Long-Term Liabilities       Student loan 20,880        Total Liabilities$29,035      Net Worth($13,560)   Using Renée's financial statements, compute the following ratios: (Do not round intermediate calculations. Round your final answers to 2 decimal places.)      Debt to Asset ratio -   Current ratio -   Liquidity ratio months -