Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Given the following information, calculate the debt ratio percentage:
Liabilities $24,000
Liquid assets $4,400
Monthly credit payments $300
Monthly savings $260
Net worth $72,000
Current liabilities $1,100
Take-home pay $1,800
Gross income $3,000
Monthly expenses $1,540
a) 33.3
b) 4
c) 2.86
O d) 16.67
O e) 8.67
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Transcribed Image Text:Given the following information, calculate the debt ratio percentage: Liabilities $24,000 Liquid assets $4,400 Monthly credit payments $300 Monthly savings $260 Net worth $72,000 Current liabilities $1,100 Take-home pay $1,800 Gross income $3,000 Monthly expenses $1,540 a) 33.3 b) 4 c) 2.86 O d) 16.67 O e) 8.67
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