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Question 11 (of 23) Santana Rey has consulted with her local banker and is considering financing an expansion of her business by obtaining a long-term

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Question 11 (of 23) Santana Rey has consulted with her local banker and is considering financing an expansion of her business by obtaining a long-term bank loan. Selected account balances at March 31, 2016, for Business Solutions follow Total assets $122,068 Total liablities S857 Total equity 121,21 Required: 1. The bank has offered a long term secured note to Business Solutions, The bank's loan procedures require that a client's debt to-equity ratio not exceed 0.72. As of March 31, 2016, what is the maximum amount that Business Solutions could borrow from this bank? (Round your intermediate calculations to the nearest dollar amount.) aximum amount 2. Assume Business Solutions borrows the maximum amount allowed from the bank (a) What percentage of assets would be financed by debt? (Round your intermediate dollar values to the nearest whole number and final answer to 1 decimal place.) ercentage of as O Type here to search acer #6

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