es Robert owns a $226,000 town house and still has an unpaid mortgage of $169,000. In addition to his mortgage, he has the following liabilities: Liabilities Visa MasterCard Discover card Education loan Personal bank loan Auto loan Total $ 635 552 486 965 867 4,690 $ 8,195 Robert's net worth (not including his home) is about $25,500. 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? Note: Round your answer to 2 decimal places. Debt-to-equity ratio (b) Has he reached the upper limit of debt obligations? Yes No