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Robert Sampson owns a townhouse valued at $181,000 and still has an unpaid mortgage of $146,000. In addition to his mortgage, he has the following

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Robert Sampson owns a townhouse valued at $181,000 and still has an unpaid mortgage of $146,000. In addition to his mortgage, he has the following liabilities: Visa MasterCard Discover card Education loan Personal bank loan Auto loan Total $ 735 340 535 5,000 960 5,608 $13, 110 Robert's net worth (not including his home) is about $35,000. 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.) Debt-to equity ratio 1 37.45 b. Has he reached the upper limit of debt obligations? Yes No Robert Sampson owns a townhouse valued at $181,000 and still has an unpaid mortgage of $146,000. In addition to his mortgage, he has the following liabilities: Visa MasterCard Discover card Education loan Personal bank loan Auto loan Total $ 735 340 535 5,000 960 5,608 $13, 110 Robert's net worth (not including his home) is about $35,000. 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.) Debt-to equity ratio 1 37.45 b. Has he reached the upper limit of debt obligations? Yes No

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