Given the Following Information,calculate the Savings Ratio: Liabilities = $24,500

question 8

Multiple Choice

Given the following information,calculate the savings ratio: Liabilities = $24,500
Liquid assets = $4,900
Monthly credit payments = $800
Monthly savings = $760
Net worth = $72,500
Current liabilities = $1,600
Take-home pay = $2,300
Gross income = $3,500
Monthly expenses = $2,040

• A) 33.79%
• B) 3.06%
• C) 2.40%
• D) 34.78%
• E) 21.71%

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