Problem: Calculate the following financial ratios for the Sumralls. Calculation Good or Bad? Explain 11,500/8,770=1.31 Liquid Assets Monthly Expenses Good because there is enough to cover for the month 11,500/2,502=4.59 Liquid Assets Current Debt Payments Good because they can cover debt payments 153,954/330,344=0.47 Net Worth Total Assets Good net worth and total assets are still similar 176,390/330,344=0.53 Total Debt Total Assets Good debt amount is not to high and still similar to total assets 176,390/122,000=1.44 Total Debt Annual Gross Income* Good because it shows a manageable debt to income rate 64,762 / 122,000=0.53 Annual Housing