Problem $7-6$ Calculating the GDS and TDS ratios $[$LO$3]$

Calculate the Gross Debt Service $($GDS$)$ and the Total Debt Service $($TDS$)$ ratios for the following data. $($Round your answers to $2$ decimal places. Omit the $"\%"$ sign in your response.$)$

Monthly mortgage payment $=$ $$2,300$

Property taxes $=$ $$240$

Heating costs $=$ $$155$

Other housing costs $=$ $$110$

Personal loan payment $=$ $$190$

Car loan payment $=$ $$240$

Credit card payment $=$ $$190$

Gross monthly household income $=$ $$9,800$

picture Click here for the Excel Data File

Gross Debt Service

$\%$

Total Debt Service

$\%$