Based on this financial data, calculate the Debt-Payments Ratio. Liabilities $ 8290...

90.2K

Verified Solution

Question

Finance

Based on this financial data, calculate the Debt-Payments Ratio.

Liabilities $ 8290 Net Worth $ 60800
Liquid Assets $ 5090 Current Liabilities $ 2020
Monthly Credit Payments $ 480 Take-home Pay $ 2890
Monthly Savings $ 120 Gross Income $ 3470

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students