Calculate the housing expense ratio and the total obligation ratio (in %) for the following...
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Accounting
Calculate the housing expense ratio and the total obligation ratio (in %) for the following mortgage applications. (Round your answers to two decimal places.)
| Applicant | Monthly Gross Income | Monthly PITI Expense | Other Monthly Financial Obligations | Housing Expense Ratio (%) | Total Obligations Ratio (%) |
|---|---|---|---|---|---|
| Emerson | $2,900 | $655 | $290 | % | % |
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