This year Bob Katz had a debt service ratio of 41% compared to a value of 43% 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.