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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

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 (15%)

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