Robert Thumme owns a $145,000 townhouse and still has an unpaid mortgage of $100,000. In addition to his mortgage, he has the following liabilities: Liabilities Visa $ 638 MasterCard 509 Discover card 405 Education loan 942 Personal bank loan 887 Auto loan 4,720 Total $ 8,101 Roberts 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 Roberts debttoequity ratio? (Round your answer to 2 decimal places.)

(b) Has he reached the upper limit of debt obligations? Yes or No