Please do not give solution in image format thanku Calculate the current ratio, debt ratio, debt-to-income ratio and long term debt coverage ratio. (Round answers to 2 decimal places,e.g. 52.75.).Current Ratio isDebt Ratio isDebt-to-income ratio isLong term debt coverage ratio is Brian's Personal Monthly Budget BudgetBudgetActual$3,875$3.875IncomeInterestTOTALINCOMETaxesRentVehicleInsuranceFood andEating outCarPaymentStudentLoansSports andHobbiesPhone andHouseholdRetirementVacationsCreditCardsTOTALEXPENSESSURPLUS(ORDEFICIT)AutomobileMotorcycleFurnishingsClothesCollectionsOther HouseholdSports Equipment401(k)TOTAL ASSETSLiabilitiesCredit CardsStudent Loans3,960Car Loans.85882848Brian's Balance SheetAssetsCheckingSavings197289390290239100151299270TOTAL LIABILITIES693,944882848197316390290296134151$3.955 $4.073299270$315.1,30010.9003,7608052.1158952,50471019.195$42.499$3,40025,8103,000$32,210

Current Ratio = Current Assets/Current Liabilities Current Liabilities would include credit cards…

Answered: Calculate the current ratio, debt…

Calculate the current ratio, debt ratio, debt-to-income ratio and long term debt coverage ratio. e.g. 52.75.). Current Ratio is Debt Ratio is Debt-to-Income ratio is Long term debt coverage ratio is

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 34CE

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Question

Please do not give solution in image format thanku

Calculate the current ratio, debt ratio, debt-to-income ratio and long term debt coverage ratio. (Round answers to 2 decimal places,
e.g. 52.75.).
Current Ratio is
Debt Ratio is
Debt-to-income ratio is
Long term debt coverage ratio is

Brian's Personal Monthly Budget Budget
Budget
Actual
$3,875
$3.875
Income
Interest
TOTAL
INCOME
Taxes
Rent
Vehicle
Insurance
Food and
Eating out
Car
Payment
Student
Loans
Sports and
Hobbies
Phone and
Household
Retirement
Vacations
Credit
Cards
TOTAL
EXPENSES
SURPLUS
(OR
DEFICIT)
Automobile
Motorcycle
Furnishings
Clothes
Collections
Other Household
Sports Equipment
401(k)
TOTAL ASSETS
Liabilities
Credit Cards
Student Loans
3,960
Car Loans.
85
882
848
Brian's Balance Sheet
Assets
Checking
Savings
197
289
390
290
239
100
151
299
270
TOTAL LIABILITIES
69
3,944
882
848
197
316
390
290
296
134
151
$3.955 $4.073
299
270
$315.
1,300
10.900
3,760
805
2.115
895
2,504
710
19.195
$42.499
$3,400
25,810
3,000
$32,210

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