Use Worksheet 7.1. Every 6 months, Leo Perez takes an inventory of the consumer debts he has outstanding. His latest tally shows that he still owes $2,500 on a home improvement loan (monthly payments of $150); he is making $125 monthly payments on a personal loan with a remaining balance of $600; he has a $1,250, secured single-payment loan that's due late next year; he has a $75,000 home mortgage on which he's making $1,000 monthly payments; he still owes $11,600 on a new car loan (monthly payments of $575); and he has a $630 balance on his Mastercard (minimum payment of $20), a $85 balance on his Shell credit card (balance due in 30 days), and a $1,300 balance on a personal line of credit ($100 monthly payments). Use Worksheet 7.1 to prepare an inventory of Leo's consumer debt. Type of Consumer Debt Creditor Currently Monthly Payment Latest Balance Due Auto loans $ $ Personal installment loans $ $ Home improvement loan $ $ Single-payment loans $ Credit cards Mastercard $ $ (retail charge cards, bank cards, T&E cards, etc.) Shell $ Personal line of credit $ $ Totals $ $ Find his debt safety ratio, given that his take-home pay is $4,000 per month. Round the answer to 1 decimal place. % Would you consider this ratio to be good or bad? Select