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Robert owns a $145,000 town house and still has an unpaid mortgage of $100,000. In addition to his mortgage, he has the following llabilities: Robert's

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Robert owns a $145,000 town house and still has an unpaid mortgage of $100,000. In addition to his mortgage, he has the following llabilities: Robert's net worth (not including his home) is about $21,700. 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.) (b) Has he reached the upper limit of debt obligations

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