marinas monthly liabilities and assets are shown in the table. monthly liabilities (debt) monthly pre - tax…

marinas monthly liabilities and assets are shown in the table. monthly liabilities (debt) monthly pre - tax assets (income) rent $1,400 gross salary $8,900 student loan payment $350 stock dividends $350 minimum credit card payment $140 interest $190 car loan payment $130 graduate school loan $600 find marinas debt - to - income ratio. express that ratio as a percent.

marinas monthly liabilities and assets are shown in the table. monthly liabilities (debt) monthly pre - tax assets (income) rent $1,400 gross salary $8,900 student loan payment $350 stock dividends $350 minimum credit card payment $140 interest $190 car loan payment $130 graduate school loan $600 find marinas debt - to - income ratio. express that ratio as a percent.

Answer

Explanation:

Step1: Calculate total monthly liabilities

$1400 + 350+140 + 130+600=2620$

Step2: Calculate total monthly pre - tax assets

$8900+350 + 190=9440$

Step3: Calculate debt - to - income ratio

Debt - to - income ratio=$\frac{2620}{9440}\approx0.2786$

Step4: Convert ratio to percentage

$0.2786\times100 = 27.86%$

Answer:

$27.86%$