Given the Following Information, Calculate the Debt Ratio Percentage: Liabilities

question 90

Multiple Choice

Given the following information, calculate the debt ratio percentage: Liabilities = $25,000
Liquid assets = $5,000
Monthly credit payments = $800
Monthly savings = $760
Net worth = $75,000 Take-home pay = $2,300
Gross income = $3,500
Monthly expenses = $2,050

• A) 33.33 percent
• B) 30.00 percent
• C) 3.00 percent
• D) 3.20 percent
• E) 8.20 percent

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Definitions:

Trade Sales Promotion

A promotion that encourages resellers to purchase and aggressively sell a manufacturer’s products by offering incentives like sales contests, displays, special purchase prices, and free merchandise.

Free Merchandise

Products or goods given away at no cost to promote a brand, product, or service.

Premiums

Extra payments required for insurance coverage or additional costs added to the usual price of services or goods, often in exchange for higher quality or added benefits.

Fast Moving Products

Products that are sold quickly and in large volumes, often requiring frequent restocking.