FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Ed and Marta are paid $4,130 after taxes every month. Monthly expenses include $1,397 on housing and utilities, $674 for auto loans, $216 on food, and an average of $1,246 on clothing and other variable expenses. Calculate and interpret their savings ratio.
The amount of Ed and Marta's income available for savings and investment is
$?. Round to the nearest dollar.
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