Robert Sampson owns a townhouse valued at $194,000 and still has an unpaid mortgage of $159,000. In addition to his mort

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answerhappygod
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Robert Sampson owns a townhouse valued at $194,000 and still has an unpaid mortgage of $159,000. In addition to his mort

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Robert Sampson owns a townhouse valued at $194,000 and still has
an unpaid mortgage of $159,000. In addition to his mortgage, he has
the following liabilities:
Robert’s net worth (not including his home) is about $48,000.
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.)
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