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Based on the information given, what is the debt ratio? Gross monthly income = $3,500 After-tax monthly income = $2,870 Total debt = $86,000 Total
Based on the information given, what is the debt ratio?
Gross monthly income = $3,500
After-tax monthly income = $2,870
Total debt = $86,000
Total monthly debt payments = $402
Total assets = $113,000
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Answer I The debt ratio 076 II The debt ratio is known as total debt to total asset ratio The ...
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
