(Answered) Assume the followingassets 110000liabilities 87500net

Finance

Assume the following:

Assets = $110,000

Liabilities = $87,500

Net Worth = $35,000

Monthly credit payments = $1,640

Take home pay = $8,200

What is the debt ratio and debt payments ratio for this individual?

Debt ratio = 2.5

Debt payments ratio = .20

Debt ratio = 2.0

Debt payments ratio = .20

Debt ratio = .15

Debt payments ratio = 5.0

Debt ratio = 2.0

Debt payments ratio = 40

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