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The bank has offered a long-term secured note to Business Solutions. The bank's loan procedures require that a client's debt-to-equity ratio not exceed 0.S. As of March 31. 2018. what is the maximum amount that Business Solutions could borrow from this bank (rounded to the nearest dollar)?
Check: (I) $94.039 2. If Business Solutions borrows the maximum amount allowed from the bank. what percentage of assets would be financed (a) by debt and (b) by equity? 3. What are some factors Santana Rev should consider before borrowing the funds?
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