Robert Sampson owns a townhouse valued at $191,000 and still has an unpaid mortgage of $156,000. In addition to his mortgage, he has the following liabilities: Visa MasterCard Discover card Education loan Personal bank loan Auto loan Total $ 785 440 585 3,100 500 5,500 $ 10,910 Robert's net worth (not including his home) is about $45,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property. a. What is Robert's debt-to-equity ratio? (Round your answer to 2 decimal places.) Debt-to-equity ratio
Robert Sampson owns a townhouse valued at $191,000 and still has an unpaid mortgage of $156,000. In addition to his mortgage, he has the following liabilities: Visa MasterCard Discover card Education loan Personal bank loan Auto loan Total $ 785 440 585 3,100 500 5,500 $ 10,910 Robert's net worth (not including his home) is about $45,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property. a. What is Robert's debt-to-equity ratio? (Round your answer to 2 decimal places.) Debt-to-equity ratio
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Robert Sampson owns a townhouse valued at $191,000 and still has an unpaid mortgage of $156,000. In addition to his mortgage, he
has the following liabilities:
Visa
MasterCard
Discover card
Education loan
Personal bank loan.
Auto loan
Total
$ 785
440
585
3,100
500
5,500
$ 10,910
Robert's net worth (not including his home) is about $45,000. This equity is in mutual funds, an automobile, a coin collection, furniture,
and other personal property.
a. What is Robert's debt-to-equity ratio? (Round your answer to 2 decimal places.)
Debt-to-equity ratio
Ch
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