1.

Given the following:

Tracy and Brett are married.
Their current assets	$9,243
Their current liabilities	$6,921
Their monthly nondiscretionary expenses	$4,693
Their annual combined income	$70,000
Their annual debt payments (excluding monthly housing costs)	$22,084

Assume for this question only that Tracy and Bretts monthly housing costs (P&I&T&I) are $1,500.

Which of the following lender thresholds will Tracy and Brett meet?

Select one:

a. a. The 28% benchmark.b. b. The 36% benchmark.c. c. Both benchmarks.d. d. Neither benchmark.

2.

Given the following:

Tracy and Brett are married.
Their current assets	$9,243
Their current liabilities	$6,921
Their monthly nondiscretionary expenses	$4,693
Their annual combined income	$70,000
Their annual debt payments (excluding monthly housing costs)	$22,084

What is Tracy and Bretts current ratio?

Select one:

a. a. 0.7958.b. b. 1.3355.c. c. 1.9695.d. d. 5.0387.