Client inquiry #1: When calculating the consumer debt ratio, would I include my outstanding student loan? Why or why no

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Client inquiry #1: When calculating the consumer debt
ratio, would I include my outstanding student loan? Why or why not?
(3 marks)
Client inquiry #2: What is the difference between the cash
flow statement and the net worth statement? How are assets
recorded, at cost or market value? (2 marks)
Client inquiry #3: What is the professional financial
planning process? Who is involved in the financial planning
process? Explain the role of a financial planner at the beginning
of the process? (5 marks)
Required:
For each of the client inquiries above, provide a response to
the client to increase their understanding of the topic.