Balance Sheet

Chase Ponder

Date:

12/31/2014

Assets
Monetary Assets
Cash on hand
Checking Account
Savings Account
Certificates of Deposit
Money Owed to Me by Others
Total monetary assets
Tangible Assets
Automobile
Property (clothing, accessories, etc.)
Household Furnishings and Appliances
Total tangible assets
Investment Assets

13,000
2,700
1,300
17,000

Common Stock

6,000

Gold

2,000

Life Insurance Cash Value

1,200
Total Investment Assets

Total Assets
[42]

20
1,300
400
2,000
160
3,880

9,200

30,080

Liabilities
Short-term (Current) Liabilities
Short-term loans
Total short-term liabilities

100
100

Total long-term liabilities

Long-Term Liabilities
Long-term debt
Other
Liabilities and Net Worth
Total Liabilities
Net Worth

Total Liabilities and Net Worth

100
29,980

30,080
{42}

Income Statement
1/1/14-12/31/14

Income
Student Worker Job
Scholarships/Stipend
Other revenue

1,680
18,000
-

Total Revenues

19,680

Expenditures
Fixed Expenses
Rent Payments
Fraternity Dues
Magnolia Room Meal Plan
Total fixed expenses

6,560
3,500
800
10,860

Variable Expenses
Food
Utilities
Gasoline & Automobile Maintenance
Medicines
Fitness Center
Miscellaneous
Total variable expenses

6,200
50
2,100
100
660
500
9,610

Total Expenses
Net Income

20,470
(790)

Useful Financial Ratios

Liquidity Ratio (Monetary Assets/Monthly Expenses)
Asset-to-Debt Ratio (Total Assets/Total Debt)
Debt-to-Income Ratio ((Annual debt repayments/gross income)x100)
Debt Payments to Disposable Income Ratio (Monthly non-mortgage debt payments/monthly disposable income)
Investment Assets-to-Total Assets Ratio (Investment Assets/Total Assets)

Ratio Analysis
1. My liquidity ratio is a bit below average, with a number slightly below the desired range of 3 to 6 months
2. My asset-to-debt ratio is outstanding, well above 1.
3. My debt-to-income ratio is very skewed because I have an extremely low income and an even smaller
debt amount.
4. My debt payments to disposable income ratio, again, is skewed due to almost no income and debt
5. My investment assets-to-total assets ratio is excellent for my age (30.59%)

thly disposable income)

range of 3 to 6 months

e and an even smaller

no income and debt

30.59%)

2.27
300.80
0.51%
2.62
30.59%