Arecent graduate’s debt status chelsea menken, of providence, rhode island, recently graduated with a degree in food science and now works for a major consumer foods company earning $70,000 per year with about $54,000 in take-home pay. she rents an apartment for $1,200 per month. while in school, she accumulated about $38,000 in student loan debt on which she pays $385 per month. during her last fall semester in school, she had an internship in a city about 100 miles from her campus. she used her credit card for her extra expenses and has a current debt on the account of $7,000. she has been making the minimum payments on the account of about $240 a month. she has assets of $14,000. 1. calculate chelsea’s debt payments-to-disposable income ratio. round your answer to two decimal places. %2. calculate chelsea’s debt-to-income ratio. round your answer to two decimal places. %3. comment on chelsea’s debt situation and her use of student loans and credit cards while in college.