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Robert owns a $191,000 town house and still has an unpaid mortgage of $173,000. In addition to his mortgage, he has the following liabilities: Robert's

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Robert owns a $191,000 town house and still has an unpaid mortgage of $173,000. In addition to his mortgage, he has the following liabilities: Robert's net worth (not including his home) is about $6,500. This equity is in mutual funds, an automoblle, a coin collection, furniture. and other personal property. (o) What is Robert's debt to equity ratio? Note: Round your answer to 2 decimal places. (b) Has he reached the upper limit of debt obligations? No

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