Question 5 (Continued 4. Compute the current ratio for Palm Realtors Ltd for 2019. Did the company appear to be able to meet its short-term obligations as they come due? Why? (3marks) Current Ratio - Question 6 (18 marks) Part A (14 marks) Daryl Swan operates four video rental stores. She has just received the monthly bank statement at October 31, 2019 from Bank of Montreal, and the statement shows an ending balance of $4,180. Listed on the statement are an EFT rent collection by the bank for Swan of $150, a service charge of $15, four NSF cheques totalling $100, and a $20 charge for printed cheques. In reviewing her cash records, Swan identifies outstanding cheques totalling $306 and an October 31 deposit in transit of $1,002. During October she recorded a $315 cheque for the salary of a part-time employee as $31. Swan's Cash account shows an October 31 cash balance of $5,145. Required 1. Prepare a bank reconciliation for Daryl Swan to determine how much cash Swan actually has at October 31, 2019? (8 marks) Daryl Swan Bank Reconciliation October 31, 2019 Bank Balance, October 31, 2019 Adjustments: Adjusted bank balance Book Balance, October 31, 2019