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%

---

Definitions:

Median

The middle number in a ranked set of numbers.

Presenting Information

The process of delivering data, findings, or knowledge to an audience in a structured and comprehensible manner.

Passive Verbs

Verbs that indicate actions done to the subject rather than the subject doing the action, often used to shift focus or be less direct.

Topic Sentences

Sentences that introduce the main idea or theme of a paragraph, providing a summary for the content that follows.