Given the following information, calculate the liquidity ratio: Liabilities = $25,000
Liquid assets = $5,000
Monthly credit payments = $800
Monthly savings = $760
Net worth = $75,000
Current liabilities = $2,600
Take-home pay = $2,300
Gross income = $3,500
Monthly expenses = $2,050
A) 0.16
B) 0.41
C) 2.44
D) 2.50
E) 6.25
Correct Answer:
Verified
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