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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