Josh Newell has prepared his annual financial statements in order to analyze the data. The data provided are items from Joshs balance sheet and income and expense statement. Use the data provided to calculate Joshs financial statement ratios. Enter your answers as percentages rounded to two decimal places. For example, .15006 would be entered as "15.01%.
Joshs Financial Data
Total liquid assets
$483
Total assets
$9,650
Total current debts
$2,413
Total net worth
$3,378
Total cash surplus
$159
Income after taxes
$1,304
Total monthly loan payments
$286
Monthly gross (before-tax) income
$1,590
Joshs solvency ratio:
%
Joshs liquidity ratio:
%
Joshs savings ratio:
%
Joshs debt service ratio:
%
Answer & Explanation
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