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Question 1 (a) The financial performance of QQ is rapidly declining, and the CEO of the company is looking for new ways to improve it. Simultaneously, the CEO wish wants to understand the percentage of debt available under the company's borrowing arrangement to calculate the amount of cash available to establish new lines of business. The borrowing base percentage for accounts receivable is 60%,45% for inventory, and 65% for fixed assets, according to the loan terms. The following are the financial details of the company: Required: Calculate the percentage of debt available under the company's borrowing arrangement to determine the amount of funding available for new lines of business. (13 marks)