C7-1 (Algo) Computing and Evaluating Financial Statement Effects of Alternative Inventory Costing Metheds (Chapters 2 and 7) [LO 2.5, LO 7.3] The folowing inhormation appies fo the questiovas chisplayed belbw] You havo been piven responsibity for overseeing a bank's mmall business loans division. The bark bas included loun covenantr requing a minimum cutrent ratio of 1.30 in all small business loans. When you ask which inventocy costing mothod the covenant assumes, the previocs loans manager gives you a blank look. To explain to him that a company's inventory costing method is important, you prosent the following balance sheer information. You ask the former ioans manager to find amounts for (a), (b). (d), and (d) assuming the company began the year with 3 anits of inventory at a unt cest of \$12, then purchased 6 units at a cost of $13 each, and finally purchased 4 units at a cost of $17 each. A yoarend inventory count determined that 2 units are on hand. C7-1 (Algo) Part 4 4. Determine the current ratios using (Q FFO, (G Weighed Averago, and (W LFO. (Round your answers to 2 decimal places.)