8. Financial statement ratios Financial Statement Ratios Financial statement ratios play an important role in understanding and interpreting financial data. The solvency, liquidity, savings, and debt service ratios are important tools that will provide you with information, helping you chart and improve your personal financial planning Complete the equations for each of the following financial statement ratios. Solvency Ratio Liquidity Ratio Savinge Ratio Debt Service Ratio > > Josh Newell has prepared his annual finandal statements in order to analyze the data. The data provided are items from Josh's balance sheet and Income and expense statement. Use the data provided to calculate Josh's financial statement ratios. Enter your answers as percentages rounded to two decimal places. For example, .15006 would be entered as "15.01%. Josh Newell has prepared his annual financial statements in order to analyze the data. The data provided are items from Josh's balance sheet a income and expense statement. Use the data provided to calculate Josh's financial statement ratios. Enter your answers as percentages rounde two decimal places. For example, 15006 would be entered as "15.01%." $483 $9,650 Josh's Financial Data Total liquid assets Total assets Total current debts Total net worth Total cash surplus Income after taxes Total monthly loan payments Monthly gross (before-tax) income $2,413 $3,378 $166 $1,361 $299 $1,660 % % Josh's solvency ratio: Josh's liquidity ratio: Josh's savings ratio: Josh's debt service ratio: 96 9