Question
Based on this financial data, calculate the debt ratio. Liabilities $ 7830 Net Worth $ 74300 Liquid Assets $ 4490 Current Liabilities $ 2180 Monthly
Based on this financial data,calculate the debt ratio.
Liabilities
$ 7830
Net Worth
$ 74300
Liquid Assets
$ 4490
Current Liabilities
$ 2180
Monthly Credit Payments
$ 1300
Take-home Pay
$ 3130
Monthly Savings
$ 480
Gross Income
$ 3370
Make sure to include zeros and round your answer to 2 decimal places. i.e. 3.55, 1.89, 0.25, 0.09, etc.Do not include acomma or"$" sign in your response.
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
