Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Better Than Alpha Three Steps To Capturing Excess Returns In A Changing World

Authors: Christopher M. Schelling

1st Edition

1264257651,126425766X

More Books

Students also viewed these Finance questions