Mike and Mary Jane Lee have a yearly income of $71 comma 128 and own a house worth $109 comma 000 , two cars worth a total of $ 19 comma 286 and furniture worth $9 comma 679. The house has a mortgage of $56 comma 936 and the cars have outstanding loans of $2 comma 538 each. Utility bills, totaling $170 for this month, have not been paid. Calculate the debt ratio for the Lee household.
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Home » Business » Mike and Mary Jane Lee have a yearly income of $71 comma 128 and own a house worth $109 comma 000 , two cars worth a total of $ 19 comma 286 and furniture worth $9 comma 679.