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Ed and Marta are paid $4.240 after taxes every month. Monthly expenses include 51,430 on howing and utilities $516 for auto loans, 5258 on food,

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Ed and Marta are paid $4.240 after taxes every month. Monthly expenses include 51,430 on howing and utilities $516 for auto loans, 5258 on food, and an average of $1,185 on clothing and other variable expenses Calculate and interpret their savings ratio (Hint Prepare an income statement or use Worksheets, and then compute the ratio) The amount of Ed and Marta's income available for savings and investment is (Round to the nearest dollar)

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