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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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