Based on the following financial data, calculate the ratios requested. a. Debt ratio b. Current ratio c.
Question:
Based on the following financial data, calculate the ratios requested.
a. Debt ratio
b. Current ratio
c. Debt-payments ratio
d. Savings ratio
Transcribed Image Text:
Liabilities, $7,800 Liquid assets, $4,600 Monthly credit payments, $640 Monthly savings, $130 Net worth, $58,000 Current liabilities, $1,300 Take-home pay, $2,575 Gross income, $2,850
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Related Book For
Focus On Personal Finance
ISBN: 9781265521974
7th Edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
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