Based on this financial data, calculate the ratios requested: Liabilities, $7,800 Net worth, $58,000 Liquid assets, $4,600

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Based on this financial data, calculate the ratios requested:

Liabilities, $7,800 Net worth, $58,000

Liquid assets, $4,600 Current liabilities, $1,300

Monthly credit payments, $640 Take-home pay, $2,575

Monthly savings, $130 Gross income, $2,850

a. Debt ratio ______________________

b. Current ratio ___________________

c. Debt-payments ratio ___________

d. Savings ratio ___________________

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Nov 20, 2018 11:50 AM

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Based on this financial data, calculate the ratios requested: Liabilities, $7,800 Net worth, $58,000 Liquid assets, $4,600

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a Debt ratio 780058000 013...View the full answer

Focus On Personal Finance

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