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Calculate Sharon liquidity ratio

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Question - Sharon makes $40,000 per year after taxes and pays $1,100 per month on her house, with utilities costing $300. The house is valued at $195,000 and she still owes $173,000. Her car payment is $400 per month, but she's almost paid it off -the car is worth $5,000 and she only owes $800. She has $1,400 in checking, $3,000 in savings, $12,000 in a retirement account, and owes $50,000 in student loans, which she's paying down at $300 per month. Food and entertainment run $800 per month. Calculate Sharon's liquidity ratio and monthly debt-to-income ratio.

Reference no: EM133112899

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