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15 December, 17:27

Jorge has a debt ratio of 37 percent and jose has a ratio of 102 percent. they both have the same takeminus-home pay every month. how can we describe their current financial situation?

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    15 December, 18:00
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    Jorge has a debt ratio 37% which means he has more money to spend for the month, Jose has debt ratio of 102% which means he has relatively less money to spend in the current month and their take home pay is same. So their current financial situation is Jorge is currently solvent where as Jose is currently insolvent. So these are the conclusion drawn from their debt ratios.
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Home » Business » Jorge has a debt ratio of 37 percent and jose has a ratio of 102 percent. they both have the same takeminus-home pay every month. how can we describe their current financial situation?
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