Hello! I need help for our case study in Finance. Kinda having a hard time analyzing this one. Please help me by answering all the questions in full details. Thanks in advance! :)

Case 1: Financial Analysis Forest Resources Corporation Laurie Phillips, vice-president and senior loan officer of the First Florida National Bank of Jacksonville, was recently alerted to the deteriorating finan- cial position of one of the bank's long-standing clients, Forest Resources Corporation (FRC), via the bank's computer analysis program. The bank requires Information from such statements is fed into the computer, which then calculates key ratios for each customer, charts trends in these ratios, and compares the statistics for each company with the average ratios of other firms in the same industry and against any protective requirements in the loan quarterly financial statements from each of its major loan customers reements. If any ratio is significantly worse than the industry average, ag reflects a marked adverse trend, or fails to meet contractual requirements, the computer highlights the deficiency An analysis of FRC's financial statements revealed a number of significant trends (see Tables 1-5 for the financial statements and partial analyses thereof). Particularly disturbing were the 1979 current and debt ratios, which failed to meet the contractual limits of 2.0 and 55 percent, respectively Because the current and debt ratios do not meet contractual requirements, the bank legally could call for immediate repayment of both the long- and short term loans and, if they were not repaid within ten days, could force the company into bankruptcy. However, Phillips was reluctant to take such drastic to initiate immediate, decisive action to improve the company's financial position. Accordingly, she sent a copy of the computer output, together with her comments on the company's financial position, to George Whiting, founder and president of FRC, with a request that he review this material and submit to the bank proposals for immediate corrective action. action, preferring to approach FRC's management and persuade them Forest Resources Corporation's common stock is traded over-the-counter The company manufactures and distributes a wide range of forest products including building lumber, pulp and paper, plywood, and wood specialties