To maintain financial soundness subject to meeting consumption needs, households should strive to have a saving ratio as O a. high; high as possible and a debt service ratio as as possible. b. high; low O c. low; high O d. low; low Oe, random; erratic On a balance sheet, a household's net worth or equity a. is computed as total assets plus total liabilities. O b. is computed as total assets minus total liabilities. c. equals the total amounts owed to other parties. O d. equals the total amount of items in your ownership that have value. e. is computed as the ratio of total assets to total liabilities. Based upon the personal financial planning life cycle and reflected in national medians of income for different age groups, if one were to graph income against age, the graph would be a. upward sloping everywhere. O b. downward sloping everywhere. O c. horizontal. d. U-shaped, looking like the letter u. e, hump-shaped, looking like an upside-down letter u