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You have the following financial information on the Haring family: Total assets (including a house) $300,000 Checking and savings account $10,000 Monthly after-tax income $5,500

You have the following financial information on the Haring family:

Total assets (including a house) $300,000

Checking and savings account $10,000

Monthly after-tax income $5,500

Total monthly expenses $5,000

Monthly savings $300

Monthly debt payments $2,000

Total debt (including mortgage) $280,000

What is the Haring familys liquidity ratio?

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