Solved: What is the debt ratio and debt payments ratio for this, Finance Basics

+44 141 628 6080
[email protected]

What is the debt ratio and debt payments ratio for this

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

View Complete Question

Solution Preview :

Prepared by a verified Expert

Finance Basics: What is the debt ratio and debt payments ratio for this

Reference No:- TGS02198755

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

General rule the of a virgin is tight and the rugosities are

As a general rule the of a virgin is tight and the rugosities are sharp and prominent. Insertion of a finger or instrument may show certain degree or resistance

What would be a measurable goal for fluid volume deficit

What would be a measurable goal for Fluid Volume Deficit r/t insufficient fluid intake AEB dry mucus membranes and what would be four nursing intervention

Appearance of the face is indicative of approaching death

The nose is pinched, the temple hollow, eyes sunken, ears cold, lips relaxed and skin livid. The appearance of the face is indicative of approaching death

Problem regarding attention-deficit/hyperactivity disorder

A child will begin taking methylphenidate [Ritalin] for attention-deficit/hyperactivity disorder. Which of the following parameters is likely

What nurse recommend to ensure clients nutritional status

A client reports experiencing 4 to 6 episodes of diarrhea each day. What should the nurse recommend to ensure for this client's nutritional status?

History from an older adult patient in an outpatient clinic.

A nurse is obtaining a health history from an older adult patient in an outpatient clinic. The patient reports chronic difficulty falling asleep

Problem about diagnosis of irritable bowel syndrome

A client is slowly adjusting to their diet changes in response to a recent diagnosis of irritable bowel syndrome (IBS);

Solution Preview :

Prepared by a verified Expert

Finance Basics: What is the debt ratio and debt payments ratio for this

Reference No:- TGS02198755

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : In addition the firm generally receives an average of

Q : 1you believe you will need 150000 annually to live

Q : A stock produced returns of 11 percent 19 percent and 2

Q : Suppose the market risk is 62 and the risk free interest

Q : What is the debt ratio and debt payments ratio for this

Q : If the company pays tax at a rate of 35 and the opportunity

Q : How does understanding how costs behave assist you in

Q : A what is the irr for aol associated with eachbid b if the

Q : What do pro forma financial statements show what are pro