This year Bob Katz had a debt service ratio of 36% compared to a value of 38% the year before. Which of the following statements is correct? O There is a slight improvement from the previous year, Bob is paying less in debt payments. O There is a drastic improvement from the previous year, Bob is paying a lot less in debt payments. There is a slight decline from the previous year, Bob is paying more in debt payments. O There is a drastic decline from the previous year, Bob is paying a lot more in debt payments. O No answer text provided