Based on the balance sheet provided, we learned that bond covenants must be followed by Companies. If WD40 has a financial covenant to maintain its total assets to total liabilities (.e. total assets/total liabilities) ratio of at least 1.7, would the Company be in compliance of the covenant based on its 2020 ratio if it had to write-off it's goodwill due to bad acquisitions? . Too much information provided to make the calculation Not enough information provided to make the calculation WD40 will not be in compliance with it's financial covenant WD40 will be in compliance with it's financial covenant QUESTION 6 5 points If a company violates a financial covenant, based on the goodwill write-off example in class, then Lenders can demand immediate repayment of their money they lent to the company The company is automatically in chapter 7 The company is automatically in chapter 11 None of the answers apply