Based on the following financial data, calculate the ratios requested. (Round your answers to 4 decimal places.) Liabilities Liquid assets Monthly credit payments Monthly savings $11,600 Net worth $71,000 $1,575 $2,375 $3,600 $ 9,500 Current liabitities $750 Take-hone pay 190 Gross incone a Debt ratio b.Current ratio C Debt-payments ratio d. Savings ratio

Based on the following financial data, calculate the ratios requested. (Round your answers to 4 decimal places.) Liabilities Liquid assets Monthly credit payments Monthly savings $11,600 Net worth $71,000 $1,575 $2,375 $3,600 $ 9,500 Current liabitities $750 Take-hone pay 190 Gross incone a Debt ratio b.Current ratio C Debt-payments ratio d. Savings ratio

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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