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Given the following Information, calculate the debt-payments ratio: (Round your answer to 2 decimal places.) Liabilities = $43,500 Liquid assets = $8,700 Monthly credit payments
Given the following Information, calculate the debt-payments ratio: (Round your answer to 2 decimal places.) Liabilities = $43,500 Liquid assets = $8,700 Monthly credit payments = $1,750 Monthly savings = $1,330 Net worth = $101,000 Current liabilities = $3,500 Take-home pay = $4,200 Gross Income = $9,200 Monthly expenses = $5,840 Multiple Choice 43.07% 249% 1.49%
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
