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Check my work Robert Sampson owns a townhouse valued at $176,000 and still has an unpaid mortgage of $141,000. In addition to his mortgage, he
Check my work Robert Sampson owns a townhouse valued at $176,000 and still has an unpaid mortgage of $141,000. In addition to his mortgage, he has the following liabilities: Visa MasterCard Discover card Education loan Personal bank loan Auto loan Total $ 710 290 510 2,500 400 5,100 $ 9,510 Robert's net worth (not including his home) is about $30,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property. a. What is Robert's debt-to-equity ratio? (Round your answer to 2 decimal places.) Debt-to-equity ratio b. Has he reached the upper limit of debt obligations
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