bank loan. Selected account balances at March $31,2022,$ for Business Solutions follow.

Total assets $,$$$121,068$ Total liabilities $,$$$867$ Total equity $$120,201$

Required:

The bank has offered a long$-$term secured note to Business Solutions. The bank's loan procedures require that a client's debt$-$to$-$

equity ratio not exceed $0\mathrm{.}88.$ As of March $31,2022,$ what is the maximum amount that Business Solutions could borrow from this

bank?

Note: Round your intermediate calculations to the nearest dollar amount.

Assume Business Solutions borrows the maximum amount allowed from the bank.

Note: Round your intermediate dollar values to the nearest whole number and final answers to $1$ decimal place.

$($a$)$ What percentage of assets would be financed by debt?

$($b$)$ What percentage of assets would be financed by equity?