5. Based on the following financial data, calculate the ratios requested. (LO2.2) Liabilities, $7,800 Liquid assets, $4,600
Question:
5. Based on the following financial data, calculate the ratios requested. (LO2.2)
Liabilities, $7,800 Liquid assets, $4,600 Monthly credit payments, $640 Monthly savings, $130 Net worth, $58,000 Current liabilities, $1,300 Take-home pay, $2,575 Gross income, $2,850
a. Debt ratio________
b. Current ratio________
c. Debt-payments ratio________
d. Savings ratio________
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
1+ Reviews
10+ Question Solved
Related Book For 
Focus On Personal Finance
ISBN: 9781259919657
6th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
Question Posted:
