Robert Smith Has Monthly Net Income of $1,050

Multiple Choice

Robert Smith has monthly net income of $1,050.He has a house payment of $450 per month,a car loan with payments of $250 per month,a Visa card with payments of $50 per month,and a credit card with a local department store with payments of $100 per month.What is Robert's debt payments-to-income ratio?

A) 2.63
B) 1.24
C) 0.81
D) 0.38
E) 0.50