Summ 10-min On Tor une verss por IS. FY 2020 FY 2019 FY 2018 $ $ $ $ $ $ Selected Accounts Current Liabilities Long Term Liabilities Total Liabilities Total Assets Total Equity $ 550,000 1,300,000 1,850,000 2,560,900 710,900 $ 300,000 1,250,000 1,550,000 2,852,500 1,302,500 $ 390,000 1,356,000 1,746,000 3,857,800 2,111,800 $ $ $ $ $ $ (a) Please calculate the FY 2020 Debt Ratio and explain the result of your calculation in over 100-words (5%). (b) Should the loan officer approve a loan if one was requested? Please explain your reasoning in over 100-words (5%)