Mia has monetary assets that total $2,500 and annual living expenses that total $12,000. what is her emergency fund ratio?

Question

02-08-2022
Business

Answered

Welcome to Westonci.ca, your one-stop destination for finding answers to all your questions. Join our expert community now! Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Mia has monetary assets that total $2,500 and annual living expenses that total $12,000. what is her emergency fund ratio?

Sagot :

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.

A plank is 6.7 feet long Arancha wants to cut the plank into 0.8-foot peices. How many 0.8-foot peices can she get." A plank is 6.7 feet long Arancha wants to c

The production and consumption of tea in China goes back 3,000 years. The export of tea was very important to the Chinese economy. One of the results of the tea

Which was a result of journalist Ida Tarbell's exposé? A. Cyrus McCormick was arrested for the Haymarket Massacre. B. The Standard Oil Company's trust was disso

how to compare ratios?

The Renaissance began in Italy partly because __________.

Jackson was making a poster for his room. He arranged 50 trading cards in the shape of a rectangle on the poster. How many rows of cards were on his poster?

(MC)Which of the following U.S. actions characterizes the foreign policy of dollar diplomacy? financially backing the construction of the Panama Canal establish

Read the sentence. We walked together to the rehearsal hall. Which rewritten sentence begins with a prepositional phrase? A. We walked in the afternoon together

1. What causes MOST of the ocean currents on the surface of the ocean? 2. England is part of an island surrounded by ocean water.Why are temperatures mild in th

How is the infinitive phrase used in the sentence? To make a long story short, skip the part about the frog in the laundry. A. noun as direct object B. noun as

anshumanaryan799 anshumanaryan799 · Answer 1 · 2022-08-09T14:17:48-04:00

Mia has monetary assets that total $2,500 and annual living expenses that total $12,000 her emergency fund ratio is 2.50

Calculation of emergency fund ratio:

Formula;

Emergency fund ratio = Cash & cash equivalents / monthly non-discretionary expenses

Now put values in the formula;

Emergency fund ratio = $2,500 / $1,000

Emergency fund ratio = 2.50

The emergency fund ratio, or liquidity ratio, is a personal finance ratio that measures a household's ability to cover expenses from assets that can be easily converted to cash.

Calculated by dividing the household's total current assets by the household's total monthly expenses.

Learn more about the emergency fund ratio here:

https://brainly.com/question/9611168

#SPJ4

Mia has monetary assets that total $2,500 and annual living expenses that total $12,000. what is her emergency fund ratio?

Sagot :

Other Questions