Question 1 Balance Sheet Liquid assets Tangible assets Investment assets Short-term liabilities Long-term liabilities Income Statement Gross income Taxes paid Debt repayment Rent payment All other expenses Total expenses Calculate their debt service to income ratio. $4,300 $29,400 $16,800 $4,500 $23,200 $40,800 $6,900 $2,900 $4,500 $7,300 $21,600

Calculate their debt service to income ratio