susie ok, actually i think we forgot about one important part. whats your total income, before taxes? jamie…

susie ok, actually i think we forgot about one important part. whats your total income, before taxes? jamie lee jackson i make $2,187 before taxes each month. susie ok, lets calculate your savings ratio. the savings ratio is the amount saved each month as a percentage of gross income. (enter as a whole number percentage.) enter a response then click submit below % submit budget allocations financial ratios jamies financials financial ratios ratio calculation example interpretation debt ratio liabilities divided by assets $25,000/$50,000 = 0.5 shows relationship between debt and assets: a low debt ratio is best. current ratio liquid assets divided by current liabilities $4,000/$2,000 = 2 indicates $2 in liquid assets for every $1 of current liabilities; a high current ratio is desirable to have cash available to pay bills. liquidity ratio liquid assets divided by monthly expenses $10,000/$4,000 = 2.5 indicates the number of months in which living expenses can be paid if an emergency arises; a high liquidity

susie ok, actually i think we forgot about one important part. whats your total income, before taxes? jamie lee jackson i make $2,187 before taxes each month. susie ok, lets calculate your savings ratio. the savings ratio is the amount saved each month as a percentage of gross income. (enter as a whole number percentage.) enter a response then click submit below % submit budget allocations financial ratios jamies financials financial ratios ratio calculation example interpretation debt ratio liabilities divided by assets $25,000/$50,000 = 0.5 shows relationship between debt and assets: a low debt ratio is best. current ratio liquid assets divided by current liabilities $4,000/$2,000 = 2 indicates $2 in liquid assets for every $1 of current liabilities; a high current ratio is desirable to have cash available to pay bills. liquidity ratio liquid assets divided by monthly expenses $10,000/$4,000 = 2.5 indicates the number of months in which living expenses can be paid if an emergency arises; a high liquidity

Answer

Explanation:

Step1: Define the savings - ratio formula

The savings ratio formula is $\text{Savings Ratio}=\frac{\text{Amount Saved}}{\text{Gross Income}}\times100%$. Since no information about the amount saved is given, assume the amount saved is $0$ for the sake of calculation when no other data is provided.

Step2: Calculate the savings ratio

Substitute the values into the formula. Here, the amount saved is $0$ and the gross income is $$2187$. So, $\text{Savings Ratio}=\frac{0}{2187}\times 100% = 0%$.

Answer:

$0$