Buxton$\text{'}$s lenders require that the company maintain a debt ratio no higher than $0\mathrm{.}50.$ Buxton

is in violation of this debt restriction as of

December $3120$XX$.$ Since Buxton is in$$ violation, it

a$.$ did not need to do anything different.

b$.$ Should have borrowed more

c$.$ Should have paid less in dividends