This year Bob Katz had a debt service ratio of 41% compared to a value of 39% the year before. Which of the following statements is correct?

a. There is a slight improvement from the previous year, Bob is paying less in debt payments

b. There is a drastic improvement from the previous year, Bob is paying a lot less in debt payments.

c. There is a slight decline from the previous year, Bob is paying more in debt payments.

d. There is a drastic decline from the previous year, Bob is paying a lot more in debt payments.