Question
Based on this financial data, calculate the Savings Ratio. Liabilities $ 7470 Net Worth $ 77300 Liquid Assets $ 4610 Current Liabilities $ 2000 Monthly
Based on this financial data, calculate the Savings Ratio.
| Liabilities | $ 7470 | Net Worth | $ 77300 |
| Liquid Assets | $ 4610 | Current Liabilities | $ 2000 |
| Monthly Credit Payments | $ 720 | Take-home Pay | $ 3150 |
| Monthly Savings | $ 640 | Gross Income | $ 4890 |
Make sure to include zeros and round your answer to 2 decimal places. i.e. 3.55, 1.89, 1.02, 0.09, etc.
Do not include a comma or"$" sign in your response.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
