Based on this financial data, calculate the Savings Ratio.$7470Net WorthLiquid Assets$ 4610Monthly Credit Payments$720Monthly Savings$ 640Gross IncomeMake sure to include zeros and round your answer to 2 decimal places. i.e. 3.55, 1.89,1.02, 0.09, etc.Do not include a comma or"$" sign in your response.LiabilitiesCurrent LiabilitiesTake-home Pay$ 77300$2000$ 3150$ 4890

The saving ratio, expressed as a percentage, is the proportion of income saved rather than spent. It…

Based on this financial data, calculate the Savings Ratio. Liabilities $7470 Net Worth Liquid Assets Monthly Credit Payments Monthly Savings $ 4610 $ 720 $ 640 Current Liabilities Take-home Pay Gross Income $ 77300 $ 2000 $ 3150 $ 4890

Based on this financial data, calculate the Savings Ratio. Liabilities $7470 Net Worth Liquid Assets Monthly Credit Payments Monthly Savings $ 4610 $ 720 $ 640 Current Liabilities Take-home Pay Gross Income $ 77300 $ 2000 $ 3150 $ 4890

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Based on this financial data, calculate the Savings Ratio.
$7470
Net Worth
Liquid Assets
$ 4610
Monthly Credit Payments
$720
Monthly Savings
$ 640
Gross Income
Make sure to include zeros and round your answer to 2 decimal places. i.e. 3.55, 1.89,
1.02, 0.09, etc.
Do not include a comma or"$" sign in your response.
Liabilities
Current Liabilities
Take-home Pay
$ 77300
$2000
$ 3150
$ 4890

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