Assume the following: Assets = $110,000 Liabilities = $87,500 Net Worth = $35,000 Monthly credit payments = $1,640 Take home pay = $8,200 What is
Assume the following:
Assets = $110,000
Liabilities = $87,500
Net Worth = $35,000
Monthly credit payments = $1,640
Take home pay = $8,200
What is the debt ratio and debt payments ratio for this individual?
Debt ratio = 2.5 Debt payments ratio = .20
Debt ratio = 2.0 Debt payments ratio = .20
Debt ratio = .15 Debt payments ratio = 5.0
Debt ratio = 2.0 Debt payments ratio = 40
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Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
