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

Respuesta :

Jorge has a debt ratio of 37 percent and Jose has a ratio of 102 percent. they both have the same take-home pay every month. we can describe their current financial situation as given below.

Jorge has a debt ratio of 37%, which means he has more money to spend this month.

While Jose has a debt ratio of 102%, which means he has less money to spend this month.

And their take-home pay is the same.

The following conclusions can be derived from the given information of Jorge's and Jose's debt ratios:

  1. Jorge most likely has more money to spend each month.
  2. Jorge is currently debt-free.
  3. Jose is currently bankrupt.
  4. Jose most likely does not have a lot of money to spend every month.

Hence, the above can be said regarding Jorge's and Jose's current financial situation.

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