The Sandell family reports the following financial information: Checking and savings account $ 3,000 Monthly after-tax income

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The Sandell family reports the following financial information:

Checking and savings account $ 3,000 Monthly after-tax income $ 2,500 Total monthly expenses $ 2,000 Monthly savings $ 500 Total debt \($10,000\) Total assets \($40,000\) Calculate the Sandells’ liquidity ratio.

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