Calculate the housing expense ratio and the total obligation ratio $($in $\%)$ for the following mortgage applications. $($Round your answers to two decimal places.$)$

Applicant Monthly

Gross

Income Monthly

PITI

Expense Other Monthly

Financial

Obligations Housing

Expense

Ratio $(\%)$ Total

Obligations

Ratio $(\%)$

Emerson $$2,800$ $$677$ $$280$

$24\mathrm{.}18$

Correct: Your answer is correct.

$\%$