Robert owns a $$214,000$ town house and still has an unpaid mortgage of $$150,000.$ In addition to his mortgage, he has the following liabilities:

Liabilities

Visa $ $625$

MasterCard $556$

Discover card $406$

Education loan $966$

Personal bank loan $842$

Auto loan $4,700$

Total $ $8,095$

Robert$$s net worth $($not including his home$)$ is about $$25,900.$ This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property.

What is Robert$$s debt$-$to$-$equity ratio?

Note: Round your answer to $2$ decimal places.

Has he reached the upper limit of debt obligations?

multiple choice

Yes

No