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Robert owns a $213,000 town house and still has an unpaid mortgage of $174,000. addition to his mortgage, he has the following liabilities: Robert's net
Robert owns a $213,000 town house and still has an unpaid mortgage of $174,000. addition to his mortgage, he has the following liabilities: Robert's net worth (not including his home) is about $21,600. 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
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