During 2015, The Mann Corporation borrowed $500,000 from The Biltmore National Bank. The loan agreement included a debt covenant restricting the companys level of debt relative to shareholders equity. The covenant specified that Manns long-term debt to shareholders equity ratio could not exceed 1-to-1 at any time during the loan period. The Mann Corporations 2015 year-end balance sheet appeared as follows:

		2015
Total assets		$ 2,001,600
Current liabilities		$ 542,100
Long-term debt		625,500
Shareholders' equity		834,000
		$ 2,001,600

Calculate The Mann Corporations long-term debt to shareholders equity ratio at year-end 2015. Round answer to two decimal places. Answer What is the companys maximum borrowing capability at year-end 2015 without violating the long-term debt to shareholders equity covenant of the existing loan agreement? $Answer What is the maximum dividend that the company can pay at year-end without violating the debt covenant? $Answer If the company pays a cash dividend of $100,000 at year-end 2015, what is the companys maximum borrowing capability without violating the debt covenant? $Answer