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Mike and Mary Jane Lee have a yearly income of $65,072 and own a house worth $93,500, two cars worth a total of $18,980 and
Mike and Mary Jane Lee have a yearly income of $65,072 and own a house worth $93,500, two cars worth a total of $18,980 and furniture worth $7,822. The house has a mortgage of $51,200 and the cars have outstanding loans of $1,979 each. Utility bills, totaling $186 for this month, have not been paid. Calculate the debt ratio for the Lee household Mike and Mary Jane's debt ratio is %. (Round to two decimal places.) in
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