Analyze Client Financial Position
Series 65 · Flashcards · Application
SERIES 65 · FLASHCARDS
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QUESTION
Find TEY if muni yield is
3
%
3\%
3%
and marginal tax rate is
32
%
32\%
32%
.
QUESTION
Find net worth if assets are
$
850,000
\$850{,}000
$850
,
000
and liabilities are
$
310,000
\$310{,}000
$310
,
000
.
QUESTION
Find the current ratio if current assets are
$
90,000
\$90{,}000
$90
,
000
and current liabilities are
$
60,000
\$60{,}000
$60
,
000
.
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ANSWER
Current ratio
=
=
=
1.5
1.5
1.5
. Assesses short-term solvency, with values over 1 indicating adequate liquidity coverage.
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