Jake has total fixed monthly expenses of $1,300 and his gross monthly income is $3,900. What is his debt-to-income ratio? How does his ratio compare to the desired ratio? Debt-to-income ratio = %...

Extracted text: Jake has total fixed monthly expenses of $1,300 and his gross monthly income is $3,900. What is his debt-to-income ratio? How does his ratio compare to the desired ratio? Debt-to-income ratio = % (Round to the nearest integer as needed.)