Based on the following financial data, calculate the ratios requested. (Enter all answers as decimals. Round...
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Based on the following financial data, calculate the ratios requested. (Enter all answers as decimals. Round your answers to 4 decimal places.) Liabilities Liquid assets Monthly credit payments Monthly savings a. Debt ratio b. Current ratio c. Debt-payments ratio d. Savings ratio $ 9,400 Net worth $7,800 $ 800 $ 290 Current liabilities Take-home pay Gross income $ 65,500 $ 1,700 $ 2,775 $3,250 Based on the following financial data, calculate the ratios requested. (Enter all answers as decimals. Round your answers to 4 decimal places.) Liabilities Liquid assets Monthly credit payments Monthly savings a. Debt ratio b. Current ratio c. Debt-payments ratio d. Savings ratio $ 9,400 Net worth $7,800 $ 800 $ 290 Current liabilities Take-home pay Gross income $ 65,500 $ 1,700 $ 2,775 $3,250
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Answer a Debt ratio Liabilities Net worth 9400 65500 14... View the full answer
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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