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Debt Ratio The XYZ Company has Total Assets of $960,000 and Equity of $350,000. It applies for a $250,000 loan from the local bank. a.

Debt Ratio

The XYZ Company has Total Assets of $960,000 and Equity of $350,000. It applies for a $250,000 loan from the local bank. a. Please calculate the XYZ Company's Debt Ratio (20%) b. Should the bank loan manager approve the loan request? Why? (10%)

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