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Given the following information, calculate the debt - payments ratio: Liabilities = $ 2 5 , 0 0 0 Liquid assets = $ 5 ,

Given the following information, calculate the debt-payments ratio:
Liabilities = $25,000
Liquid assets = $5,000
Monthly credit payments = $800
Monthly savings = $760
Net worth = $75,000
Current liabilities = $2,000
Take-home pay = $2,300
Gross income = $3,500
Monthly expenses = $2,050
Multiple Choice
33.79%
3.06%
2.40%
34.78%
21.71%

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