A Recent Graduate's Debt Status Cheisea Merken recently graduated with a degree in food science and now works for a major consumer foods company earning $44,200 per year with about $37,200 in take-home pay. She rents an apartment for $1,050 per month. While in school, she accumulated about $39,200 in student loan debt on which she pays $385 per month. During her last fall semester in school, she has an intern ship in a city about 100 miles from her campus. She used her credit card for her extra expenses and has a current debt on the account of $8,000. She has been making the minimum payment on the account of about $320. She has assets of $14,000. a. Calculate Chelsea's debt payment to disposable income ratio. Calculate Chelsea's debt to equity ratio. c. Comment on Chelsea's debt situation and her use of student loans and credit while in college