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What is? jarrod debt-to-asset? ratio

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Question - Jarrod is a college student. All of? Jarrod's disposable income is used to pay his? college-related expenses. Although he has no liabilities? (Jarrod is on a? scholarship), he does have a credit card that he typically uses for emergencies. He and his friend went on a vacation in New York City costing ?$1,400?, which Jarrod charged to his credit card. Jarrod has ?$48 in his? wallet, but his bank accounts are empty. Jarrod has an old TV worth about ?$173. ?Jarrod's other assets total about ?$197. What is? Jarrod's debt-to-asset? ratio? What does this indicate about? Jarrod's financial? position?

A. 0.0030 ?percent, which indicates that if Jarrod loses his? job, he would not be able to pay off his debt.

B. 33.49 ?percent, which indicates that if Jarrod loses his? job, he would not be able to pay off his debt.

C. 0.33 ?percent, which indicates that if Jarrod loses his? job, he would not be able to pay off his debt.

D. 334.93 ?percent, which indicates that if Jarrod loses his? job, he would not be able to pay off his debt.

Reference no: EM133098869

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