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GoodMad_ GoodMad_
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7 years ago
Stacey has a debt service coverage ratio of 1.15. This tells us that
A) Stacey has virtually no debt to service.
B) Stacey's debt service charges are 1.15% of her take-home pay.
C) Stacey has poor debt-carrying capacity and much of her future income will be required to service past debt.
D) Stacey's debt reserves are only 1.15 times greater than her actual debts.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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bzapianbzapian
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7 years ago
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GoodMad_ Author
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#2
7 years ago
Another one bites the dust, as in, it's right Smiling Face with Open Mouth
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