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Financial statement ratios play an important role in understanding and interpreting finandal data. The solvency, llquidity, savings, and debt service ratios are important tools that
Financial statement ratios play an important role in understanding and interpreting finandal data. The solvency, llquidity, savings, and debt service ratios are important tools that will provide you with information, helping you chart and improve your personal financial planning. Complete the equations for each of the following financial statement ratios. Justin Garrity has prepared his annual financial statements in order to analyze the data. The data provided are items from Justin's balance sheet and income and expense statement. Use the data provided to calculate Justin's financial statement ratios. Enter your answers as percentages rounded to two decimal places. For example, 15006 would be entered as "15.01\%." \begin{tabular}{ll} Justin's Financial Data & \\ \hline Total liquid assets & $414 \\ \hline Total assets & $8,275 \\ Total current debts & $2,069 \\ Total net worth & $2,896 \\ Total cash surplus & $161.3333 \\ Income after taxes & $1,323 \\ \hline Total monthly loan payments & $290 \\ \hline Monthly gross (before-tax) income & $1,613.3333 \\ \hline \end{tabular} Justin's solvency ratio: Justin's liquidity ratio: Justin's savings ratio: % Justin's debt service ratio: % % %
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