The financial performance of QQ is rapidly declining, and the CEO of the company is looking for new ways to improve it. Simultaneously, the CEO wish wants to understand the percentage of debt available under the company's borrowing arrangement to calculate the amount of cash available to establish new lines of business. The borrowing base percentage for accounts receivable is 60%, 45% for inventory, and 65% for fixed assets, according to the loan terms. The following are the financial details of the company: Account Account receivable Bad debt from account receivable Raw material inventory Work in process inventory Finish goods inventory Fixed Assets: Purchase price Installation costs Cost of trail runs Accumulated depreciation Repair and maintenance Loans Amount ($'000) 1,000 80 500 400 800 1.200 200 40 500 40 1,300 Required: Calculate the percentage of debt available under the company's borrowing arrangement to determine the amount of funding available for new lines of business.