please answer the 3 question

i need answer for 3 no. question

Jordan Gold, the CFO of CANCO Corporation, requested that the accounting department prepare a preliminary balance sheet on December 30, 2020, so that he could get an idea of how the company stood. He knows that certain debt agreements with CANCO's creditors require the company to maintain a current ratio of at least 2:1. The preliminary balance sheet is as follows: CANCO Corporation Balance Sheet December 30, 2020 Current Assets Current Liabilities Cash $25,000 Accounts Payable $20,000 Accounts Receivable 30,000 Salaries Payable 10,000 $30,000 Prepaid Insurance 5,000 $60,000 Long Term Liabilities Equipment (net) 200,000 Notes Payable 80.000 Total Assets $260. Total Liabilities 110,000 Stockholders' equity Common Stock 100,000 Retained Earnings 50,000 150,000 Total Liabilities and Stockholders' equity $260,000 the company takes these actions. 3. Discuss the pros and cons of the current ratio and working capital as measures of liquidity. 4 Was it unethical for the CEO to take these steng2 the company takes these actions. 3. Discuss the pros and cons of the current ratio and working capital as measures of liquidity. 1. Calculate the current ratio and working capital based on the preliminary balance sheet. 2. Based on the results in (1), Jordan Gold, the CFO requested that $20,000 of cash be used to pay off the balance of the Accounts Payable account on December 31, 2020. Calculate the new current ratio and working capital after the company takes these actions. 3. Discuss the pros and cons of the current ratio and working capital as measures of liquidity. 4. Was it unethical for the CFO to take these steps