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What is roberts debt-to-equity ratio

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Robert Sampson owns a townhouse value at $186,000 and still has an unpaid mortgage of $151,000. In addition to his mortgage, he has the following liabilities:

Visa$760 MasterCard 390 Discover card 560 Education loan 2,300 Personal bank loan 750 Auto loan 5,000 Total$9,760 

Robert's net worth (not including his home) is about $40,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property.

What is Robert's debt-to-equity ratio? (Round your answer to 2 decimal places.)

Reference no: EM132129736

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