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Given the following information, calculate the savings ratio: (Round your answer to 2 decimal places.) Liabilities = $42,500 Liquid assets = $8,500 Monthly credit payments

Given the following information, calculate the savings ratio: (Round your answer to 2 decimal places.) Liabilities = $42,500 Liquid assets = $8,500 Monthly credit payments = $1,700 Monthly savings = $400 Net worth = $99,500 Current liabilities = $3,400 Take-home pay = $4,100 Gross income = $8,900 Monthly expenses = $5,640

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