Reid graduated from Concordia a few years ago and has been working full$-$time since. He has slowly accumulated assets and has worked hard at bringing down his debt. He is looking to approach the bank for a loan to purchase a ski$-$doo for the winter. Before doing so$,$ he would like to know his Debt$-$to$-$Asset ratio based on the following:

Description

Amounts

Tesla

$$54,800$

Tesla loan $(3$ years remaining$)$

$$26,420$

Tuition loan

$$4,590$

Savings account

$$3,250$

Chequing account

$$980$

Utility bills $($heating$,$ internet $$ paid monthly$)$

$$415/$month

Tax$-$Free Savings Account $($TFSA$)$

$$24,444$

Food and restaurants $($paid monthly$)$

$$490/$month

Rent $($paid monthly$)$

$$2,200/$month

Select one:

a$.$

$68\mathrm{.}31\%$

b$.$

$35\mathrm{.}41\%$

c$.$

$57\mathrm{.}26\%$

d$.$

$33\mathrm{.}78\%$

e$.$

$37\mathrm{.}15\%$