Liquidity Worksheet 2016 - Essent Guaranty Mortgage ...

Liquidity Worksheet 2016

I. Schedule L - Assets

1. Cash

Line 1, Column d

2. Trade Notes and Accounts Receivable Line 2b, Column d

3. Inventories

Line 3, Column d

4. Total Current Assets Combine Lines 1 ? 3, Column d

YEAR I _____________

II. Schedule L - Liabilities

5. Accounts Payable Line 16, Column d

6. Mortgage notes bond payable less than one year Line 17, Column d

7. Other Current Liabilities Line 18, Column d

8. Total Current Liabilities Combine Line 16 ? 18, Column d

YEAR II ____________ + + + =

+ +

+ =

Current Ratio Divide Total Current Assets (Line 4) by Total Current Liabilities (Line 8)

Quick Ratio Divide Current Assets (Lines 1 +2) by Total Current Liabilities(Line 8)

Note: These training materials present content that we believe is consistent with mortgage industry practices. They are not designed to provide training on any particular set of underwriting guidelines that may be issued by mortgage originators, investors or insurers, including Essent. Accordingly, these materials should not be viewed or utilized as a substitute for direct reference to applicable rules, guidelines, regulations, and laws as they may relate to any specific lending institution, investor or insurer. Where illustrative scenarios are offered, the names and titles we use are purely fictitious and are not intended to represent any real persons or financial institutions.

? 2015 Essent Guaranty, Inc. All Rights Reserved.

V 1.2016

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