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Santana Ray has consulted with her local banker and is considering financing an expansion of her business by obtaining a long-term bank loan. Selected account

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Santana Ray 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 solution follows: 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 0.84. 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) Assume Business Solutions borrows the maximum amount slowed from the bank What percentage of assets would be financed by debt? (Round your intermediate dollar values to tor nearest whole number and final answer to 1 decimal place.)

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