Question 9 2 pts Terry Dactol has compiled the following financial information Salary $73,000 Credit Card Balance $4,700 Cash on hand $500 Utilities paid to date $6,000 Student Loan payments made $2,000 Jewelry value $6,000 Home value $276,000 Auto loun balance $20,300 Stock portfolio $21,000 2016 Lexus value $24 600 Grocery expense $7,400 Checking account $2,700 Mortgage balance $214,000 Property taxes owed $2,300 Mortgage loan payments made $23,000 Student loan balance $39,500 Hawait vacation expense paid $2,400 Auto loan payments paid $6,600 Income taxes paid-to-date $7,000 Clothing/entertainment expense $3,900 Interest earned $300 Insurance premiums paid $2,500 Other assets owned $6,000 Other expenses $6,500 if Terry had a solvency ratio of 18% the previous year, which of the following statements is correct? Othere is a slight improvement from the previous year there is a drastic improvement from the previous year there is a slight decline from the previous year there is a drastic decline from the previous year