Steven has been dating Carol for the past 5 years. Just recently, they decided to get married. Carol has an annual salary of $36600 per year from her job and Steven has an annual salary of $48000. In preparation for life after marriage, she and steven developed the following budget and balance sheet.

Steven and Carol's Monthly Budget Sources of Income Income Interest Total Income Taxes Rent Vehicle insurance Food and eating out Car payments Student loans Sports and hobbies Household Retirement Expenses Vacations Credit cards Total Expenses Surplus/Deficit $7,050 240 $7,290 $1,100 780 510 530 970 970 410 330 380 490 690 $7,160 Steven and Carol's Balance Sheet Checking Savings Automobile Motorcycle Furnishings Clothes Other household Sports equipment Collections 401(k) plans Assets Total Assets Liabilities Credit cards Student loans Car loans Total Liabilities $980 3,830 33,060 4,360 3.830 6,350 3,580 3,830 2,120 46,740 $108,680 $14,820 60,420 24,510 $99,750 Calculate the following financial ratios for Steven and Carol: (Round answers to 2 decimal places, e.g. 5.25%) 1 2 3 Current ratio. Debt ratio. (d) Savings ratio eTextbook and Media Saw for Later Emergency fund savings ratio % eTextbook and Media % % Attempts: 0 of 3 used Calculate the emergency fund savings ratio for Steven and Carol, assuming that their monthly living expenses, in the case of an emergency, include all expenses less taxes, sports and hobbies, retirement savings, and vacations. (Round answer to 0 decimal ploces, eg 25%) Submit