Jaina has a current monthly income of $11,680. She currently lives at her childhood home rent-free. She has been shopping a lot and currently has a balance on her Visa credit card of $250. Jaina also has a Nordstrom credit card, where she currently has a balance of $375. a. What is Jaina's current debt-to-income ratio? Show your calculations. b. Based on your calculations, do you believe Jaina is currently in a good financial situation? Why or why not?
