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

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

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 33CE: Liquidity Ratios NWAs financial statements contain the following information: Note: Round answers to...

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