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evaluating her consumer debt safety ratio. Her monthly take-home pay is $4,800. Each month, she p $200 on home equity line, and $900 for home mortgage. Her total net worth is $53,750. What is her c

evaluating her consumer debt safety ratio. Her monthly take-home pay is $4,800. Each month, she p $200 on home equity line, and $900 for home mortgage. Her total net worth is $53,750. What is her c

FINANCIAL ACCOUNTING
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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Bhupatbhai 

evaluating her consumer debt safety ratio. Her monthly take-home pay is $4,800. Each month, she pays $500 for an auto loan, $100 on a personal line of credit, $200 on home equity line, and $900 for home mortgage. Her total net worth is $53,750. What is her consumer debt safety ratio? 16.67% 35.42% 29.98% 44.47% 21.05%
Transcribed Image Text:evaluating her consumer debt safety ratio. Her monthly take-home pay is $4,800. Each month, she pays $500 for an auto loan, $100 on a personal line of credit, $200 on home equity line, and $900 for home mortgage. Her total net worth is $53,750. What is her consumer debt safety ratio? 16.67% 35.42% 29.98% 44.47% 21.05%
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