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5. Based on the following financial data, calculate the ratios requested. (LO Liabilities, $7,800 Net worth, $58,000 Liquid assets, $4,600 Current liabilities, $1,300 Monthly credit
5. Based on the following financial data, calculate the ratios requested. (LO Liabilities, $7,800 Net worth, $58,000 Liquid assets, $4,600 Current liabilities, $1,300 Monthly credit payments, $640 Take-home Gross income, $2,850 Monthly savings, $130 pay, $2,575 a. Debt ratio b. Current ratio Debt-payments ratio d. Savings ratio :1, bec liabilities of $128 000 and a net worth
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Acquisition Finance
Authors: Tom Speechley
2nd Edition
1780436599, 978-1780436593
