Summarized 10-K financial information for the Weiss Corporation is:

Selected Accounts	FY 2020	FY 2019	FY 2018
Current Liabilities	$ 550,000	$ 300,000	$ 390,000
Long Term Liabilities	$ 1,300,000	$ 1,250,000	$ 1,356,000
Total Liabilities	$ 1,850,000	$ 1,550,000	$ 1,746,000
Total Assets	$ 2,560,900	$ 2,852,500	$ 3,857,800
Total Equity	$ 710,900	$ 1,302,500	$ 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%).