Given the following information, create a bslance sheet and cash flow statement. Then calculate the quick and current ratios.

Given that information, which of the following does the company comply with and which does it not comply with:

CC&Rs for Bob Smith, Inc. During the original loan, the bank included, as part of the loan documentation, a document called Covenants, Conditions & Restrictions (CC&Rs), which the company had to comply with to maintain its credit facility with the bank. The major conditions of this included:

1. The company will maintain at least $70,000 in their DDA (noninterest bearing checking) at all times as compensating balances against their loan.

2. The company will maintain a current ratio of at least 2:1.

3. The company will maintain a quick ratio of at least 1.5:1.

4. The company will not increase officer salaries by more than 5% while the loan is outstanding.

5. The company will not pay bonuses to officers without the banks explicit approval

XYZ Bank told Bob to increase cash to $70,000 from 2016 to 2017 . But cash increased from $16,566 in 2016 to just $33,411 in 2017 , well short of $70,000. In this assignment, you will review six select changes in the Balance Sheet accounts, highlighted in yellow, to bett er understand how these individual account changes impact overall cash flows. XYZ Bank told Bob to increase cash to $70,000 from 2016 to 2017 . But cash increased from $16,566 in 2016 to just $33,411 in 2017 , well short of $70,000. In this assignment, you will review six select changes in the Balance Sheet accounts, highlighted in yellow, to bett er understand how these individual account changes impact overall cash flows