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Problem 7-6 Calculating the GDS and TDS ratios [LO3] Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following

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Problem 7-6 Calculating the GDS and TDS ratios [LO3] 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 =$2,350 Property taxes =$250 Heating costs =$165 Other housing costs =$120 Personal loan payment =$200 Car loan payment =$250 Credit card payment =$200 Gross monthly household income =$10,300 Dicture Click here for the Excel Data File

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