Question: Based on the information given, what is the debt ratio? Gross monthly income = $3,500 After-tax monthly income = $2,870 Total debt = $86,000 Total

Based on the information given, what is the debt ratio?


Gross monthly income = $3,500

After-tax monthly income = $2,870

Total debt = $86,000

Total monthly debt payments = $402

Total assets = $113,000

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