Question

Roberto Luca He carried out the analysis of his finances for the month of May. In that month, he received a salary of $ 30,000. On top of that, he has $ 6,000 in a savings account and another $ 3,000 in a 36-month investment. He has a car with a value of $ 150,000, which, he bought a loan and still has to pay $ 85,000. Your television, cell phone, computer, furniture, and other household items are worth $ 45,000. This month, he paid $ 5,000 for rent for his apartment, $ 2,000 for cell phone, telephone and internet, $ 300 for electricity and $ 100 for water. He has a Coppel credit card with a balance of $ 13,000. He paid $ 2,000 from his card. Her food, outings and fun expenses were reduced to just $ 5,000 due to the pandemic. He sold his playstation 3 for $ 5,000. You saved $ 1,000 this month. What is your debt ratio?

Answer 1

Assets Liabilities

Savings A/c: 6000 Loan:85000

Investment: 3000

Car:150000

Household Items:45000

Credit Card: 13000-2000=11000

Savings: 1000

Total: 216000 Total: 85000

Debt Ratio: Liabilities/Assets

: 85000/216000

:0.39

Items not included in Assets

Salary: 30000

Savings due to pandemic: 5000

Sold PlayStation: 5000

Reason: They only increase the income and are not considered as assets

Items not included in Liabilities

Rent: 5000

Phone:2000

Electricity:300

Water: 100

Reason: They are all considered as expenses which are paid