Given the following information, calculate the savings ratio: (Round your answer to 2 decimal places.) Liabilities = $32,500 Liquid assets = $6,500 Monthly credit payments = $1,200 Monthly savings = $600 Net worth = $84,500 Current liabilities = $2,400 Take-home pay = $3,100 Gross income = $5,900 Monthly expenses = $3,640 Multiple Choice 10.17% 38.71% 38.46% О 1.79% 2.71%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Given the following information, calculate the savings ratio: (Round your answer to 2 decimal places.)
Liabilities = $32,500
Liquid assets = $6,500
Monthly credit payments = $1,200
Monthly savings = $600
Net worth = $84,500
Current liabilities = $2,400
Take-home pay = $3,100
Gross income = $5,900
Monthly expenses = $3,640
Multiple Choice
10.17%
38.71%
38.46%
О
1.79%
2.71%
Transcribed Image Text:Given the following information, calculate the savings ratio: (Round your answer to 2 decimal places.) Liabilities = $32,500 Liquid assets = $6,500 Monthly credit payments = $1,200 Monthly savings = $600 Net worth = $84,500 Current liabilities = $2,400 Take-home pay = $3,100 Gross income = $5,900 Monthly expenses = $3,640 Multiple Choice 10.17% 38.71% 38.46% О 1.79% 2.71%
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