Martin owns a real estate company, Chiu Prosperity Holdings. He would like to know how much he can lend to his son, Ryan Chiu, a recent grad to help him start his business? The balance sheet below is shown in thousands of dollars. Please state your answer to the closest thousand dollar i$.$e$.$ $$53$ thousand should be expressed as $53$

Assets Liabilities and Shareholder's Equity

Cash $400$ Mortgage with Royal Bank $1400$

Accounts Receivable $300$ Loan from Martin Chiu postponed in favour of Royal Bank $1100$

Land and Buildings $2000$ Shareholder's Equity $200$

Total Assets $2700$ Total Liabilities and Shareholder's Equity $2700$

The maximum ratio of total debt to adjusted net worth is $1\mathrm{.}3.$

Answer:

The answer is $223,$ please walk me through the calculation