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

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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 31,2022, for Business Solutions follow.
Total assets $120,668 Total liabilities $871 Total equity $119,797
Required:
The bank has offered a long-term secured note to Business Solutions. The bank's loan procedures require that a client's debt-toequity ratio not exceed 0.84. As of March 31,2022, what is the maximum amount that Business Solutions could borrow from this bank?
Note: Round your intermediate calculations to the nearest dollar amount.
Assume Business Solutions borrows the maximum amount allowed from the bank.
Note: Round your intermediate dollar values to the nearest whole number and final answers to 1 decimal place.
(a) What percentage of assets would be financed by debt?
(b) What percentage of assets would be financed by equity?
\table[[1. Maximum amount,,],[2.(a) Percentage of assets financed by debt,,],[2.(b) Percentage of assets financed by equity,%,]]
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