Given the following information, calculate the debt-payments ratio: (Round your answer to 2 decimal places.) Liabilities
Posted: Thu May 19, 2022 12:36 am
Given the following information, calculate the debt-payments ratio: (Round your answer to 2 decimal places.) Liabilities = $37,500 Liquid assets = $7,500 Monthly credit payments = $1,450 Monthly savings = $1,150 Net worth = $92,000 Current liabilities = $2,900 Take-home pay = $3,600 Gross income = $7,400 Monthly expenses = $4,640 21