Plz will mark
!
you owe $3450.00, what credit limit gives you an acceptable debt ratio?
$4000
$2000
$7000
$5500

Solution:

Debt Ratio= (Total liabilities which includes debts, and other expenses) ÷ (Total amount of worth possessed)

A debt ratio of approximately 0.5 is considered to be reasonable.

Money Owed by you = $ 3450.00

$

So, the Credit limit which gives Acceptable Debt of $ 3450.00 when debt ratio is approximately more or less than 0.5 is

Out of the following four options

Option (D) $ 7,000 is true, regarding Credit limit.

14.29%

step-by-step explanation: