Question
Based on this financial data, calculate the Savings Ratio. Liabilities $ 7810 Net Worth $ 68400 Liquid Assets $ 4870 Current Liabilities $ 1720 Monthly
Based on this financial data,calculate the Savings Ratio.
| Liabilities | $ 7810 | Net Worth | $ 68400 |
| Liquid Assets | $ 4870 | Current Liabilities | $ 1720 |
| Monthly Credit Payments | $ 560 | Take-home Pay | $ 2890 |
| Monthly Savings | $ 420 | Gross Income | $ 3530 |
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 acomma or"$" sign in your response.
Your Answer:Question 7 options:| Answer |
Save
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
International Business The Challenges Of Globalization
Authors: John J. Wild, Kenneth L. Wild
9th Edition
0134729226, 978-0134729220
