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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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