Given the following information, calculate the savings ratio: $($Round your answer to $2$ decimal places.$)$

Liabilities $=$$$38,500$

Liquid assets $=$$$7,700$

Monthly credit payments $=$$$1,500$

Monthly savings $=$$$480$

Net worth $=$$$93,500$

Current liabilities $=$$$3,000$

Take$-$home pay $=$$$3,700$

Gross income $=$$$7,700$

Monthly expenses $=$$$4,840$

Multiple Choice