Financial Checkup Assignment Example | Topics and Well Written Essays - 750 words

Financial Checkup - Assignment ExampleThe figures clearly indicate that I am credit worth as my assets are capable of covering my credit. In addition, it tests that I understand how to manage my debts as I keep the levels of debts below what I really own (Assets).The figures arsehole be helpful when seeking short term credit to handle my short term needs (Eisenberg 69).According to my income and expense statements, the total expense is $2750 objet dart my income is $900.The total loss is $1840.From this figures, my total expense exceed the total income resulting in a loss. This may be attributed to the fact that being a student, there is diminutive time to engage in income generating activities but there is extensive spending due to a number of requirements in the learning institution and my personal needs. However, my income of 900 dollars show that I am capable of managing my time and engage in part time income generating activities , which clearly indicate that I can utilize time as a major resource in making substantive income(Eisenberg 62).My liquidity ratio is 2.92,which is below the recommended ratio of 3.The ratio shows that my liquid assets cannot meet my current expenses by a difference of 0.8.This can be attributed to the fact that as a student, I am bound to spent more than what I hold as liquid assets. However, the figure is comparatively positive compared to other students as it shows that I can meet most of my current expenses using my own currency and cash equivalents. Further, the figure is not alarming as I can still manage to get external source of cash such as discharge money from parents to cover the current expenses that I may be unable to meet on my own (Eisenberg 33).The debt asset ratio is 0.72.This figure is below 1, which clearly indicates that my assets exceed my debts and so I can pay my debts. Further, the figure shows that I am credit worth when borrowing or applying for a loan.My monthly norm amount for revolving savings is$417.This average budgeted amount for every moth show