Saturday 21 September 2013

Based on this financial data, calculate the ratios requested: (Round your answers to 4 decimal places.) Liabilities $ 9,400 Net worth $ 65,500 Liquid assets $ 7,800 Current liabilities $ 1,700 Monthly credit payments $ 800 Take-home pay $ 2,775 Monthly savings $ 290 Gross income $ 3,250 a. Debt ratio 0.1435 correct b. Current ratio 4.5882 correct c. Debt-payments ratio 0.2883 correct d. Savings ratio 0.0892 correct

Based on this financial data, calculate the ratios requested: (Round your answers to 4 decimal places.)

           
  Liabilities $ 9,400     Net worth $ 65,500  
  Liquid assets $ 7,800     Current liabilities $ 1,700  
  Monthly credit payments $ 800     Take-home pay $ 2,775  
  Monthly savings $ 290     Gross income $ 3,250  


     
 a.   Debt ratio 0.1435 correct  
 b.   Current ratio 4.5882 correct  
 c.   Debt-payments ratio 0.2883 correct  
 d.   Savings ratio 0.0892 correct

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