Based on this financial data, calculate the ratios requested: (Obj. 2) Liabilities, $8,000 Net worth, $58,000 Liquid

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Based on this financial data, calculate the ratios requested: (Obj. 2)

Liabilities, $8,000 Net worth, $58,000 Liquid assets, $4,600 Current liabilities, $1,300 Monthly credit payments, $640 Take-home pay, $2,600 Monthly savings, $130 Gross income, $2,850

a. Debt ratio __________________

b. Current ratio __________________

c. Debt-payments ratio __________________

d. Savings ratio __________________

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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Question Posted: Jul 23, 2024 11:00 AM

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Based on this financial data, calculate the ratios requested: (Obj. 2) Liabilities, $8,000 Net worth, $58,000 Liquid

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