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please help w homework Monthly expenses =$4,000 Monthly gross income (after taxes) =$5,500 Savings Account Value =$6,000 Total Assets (excluding house) =$120,000 Total Liabilities (excluding
please help w homework
Monthly expenses =$4,000 Monthly gross income (after taxes) =$5,500 Savings Account Value =$6,000 Total Assets (excluding house) =$120,000 Total Liabilities (excluding mortgage) =$20,000 How would you interpret the result for this individual's Basic Liquidity Ratio? The Basic Liquidity Ratio for this individual is above the recommended benchmark. The Basic Liquidity Ratio indicates that this individual should set aside more monetary assets for emergency purposes. This individual does not have enough monetary assets to cover a single month of personal expenses. Both b. and c. above. Using the above information, calculate the Debt-to-Equity Ratio for this individual. 16.7% 20.0% 30.3% 72.7% Step by Step Solution
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