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Santana Rey has consulted with her local banker and is considering...

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Accounting

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Santana Rey has consulted with her local banker and is considering financing an expansion of her business by obtaining a long-term bank loan. Selected account balances at March 31, 2022, for Business Solutions follow. Total assets $121,968 Total 1iabilities 5858 Total equity $121,116 Requlred: 1. 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 0.73. As of March 31, 2022, what is the maximum amount that Business Solutions could borrow from this bank? Note: Round your intermedlate calculations to the nearest dollor amount. 2. Assume Business Solutions borrows the maximum amount allowed from the bank. Note: Round your Intermediate dollar values to the nearest whole number and final answers to 1 decimal place. (a) What percentage of assets would be financed by debt? (b) What percentage of assets would be financed by equity

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