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You have the following financial information on the Haring family: Total assets (including a house) $700000 Checking and savings account $14000 Monthly after-tax income $5900

You have the following financial information on the Haring family:

Total assets (including a house) $700000 Checking and savings account $14000 Monthly after-tax income $5900 Total monthly expenses $9000 Monthly savings $700 Monthly debt payments $2040 Total debt (including mortgage) $282000

What is the Haring familys liquidity ratio?

1.64 4.41 1.56 2.56

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