Given the following information, calculate the liquidity ratio Liabilities = $42,500 Liquid assets = $8,500 Monthly credit

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Question:

Given the following information, calculate the liquidity ratio

Liabilities = $42,500

Liquid assets = $8,500

Monthly credit payments = $1,700

Monthly savings = $1,300

Net worth = $99,500

Current liabilities = $3,400

Take-home pay = $4,100

Gross income = $8,900

Monthly expenses = $5,640