A Recent Graduates Debt Status. Chelsea Menken, of Providence, Rhode Island, recently graduated with a degree in food science and now works for a major consumer foods company earning $70,000 in gross income per year with about $58,000 in take-home pay per year. She rents an apartment for $1,100 per month. While in school, she accumulated about $38,000 in student loan debt on which she pays $385 per month. During her last fall semester in school, she had an internship 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 $240 a month. She has assets of $14,000. (a) Calculate Chelseas debt payment-to-disposable income ratio. (b) Based on her debt payment-to-disposable income ratio from the previous question, Chelsea's is .