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Hector and maria are trying to figure out their financial health. They will pay off their car loan in three years,their gross household income is
Hector and maria are trying to figure out their financial health. They will pay off their car loan in three years,their gross household income is $3,800 per month, and they receive $75 per month in interest income from their investment .They have listed the following items from their most recent statements. Saving account: $1,200 Checking account: $800 Credit card balance : $1,000 Car loan balance: $12,000 Car market value: $8,000 Furniture; market value: $ 2,000 Stocks and bonds: $ 10,000 -what is their current net worth? -assuming that they have no current bills other than those that are listed, what is their current ratio? - how do you calculate the current ration,debt ratio,and savings ratio
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