Selected Balance Sheet information from the York Manufacturing Company are given below: Current Assets $350,000 Property, Plants & Equipment 650,000 Goodwill & Other Intangibles 500,000 Total Assets $1,500,000 Equity $550,000 a. Calculate the Debt Ratio. (Show your calculation for full point) (35%) b. Should a loan request for $350,000 be approved by the commercial loan officer if the company had requested one? Please explain