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Category > Business & Finance Posted 02 Aug 2017 My Price 5.00

Robert Sampson owns a $140,000 townhouse and still has an unpaid mortgage of $110,000.

Robert Sampson owns a $140,000 townhouse and still has an unpaid mortgage of $110,000. In addition to his mortgage, he has the following liabilities:

 

Robert’s net worth (not including his home) is about $21,000. This equity is in mutual funds, an automobile, a coin collection, furniture, and other personal property. What is Robert’s debt-to-equity ratio? Has he reached the upper limit of debt obligations? Explain.

 

Answers

Alpha Geek
(8)
Status NEW Posted 02 Aug 2017 03:08 PM My Price 5.00

Tot-----------al -----------Deb-----------t o-----------f r-----------obe-----------rt -----------not----------- in-----------clu-----------din-----------g M-----------org-----------age----------- is----------- $7-----------,41-----------0 a-----------ndÂ----------- Ro-----------ber-----------tâ€-----------™s -----------net----------- wo-----------rth----------- (n-----------ot -----------inc-----------lud-----------ing----------- hi-----------s h-----------ome-----------) i-----------s a-----------bou-----------t $-----------21,-----------000----------- an-----------d -----------Thi-----------s e-----------qui-----------ty -----------is -----------in -----------mut-----------ual-----------

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