to the nearest dollar. b. Determine the financial statement effect of the incerest to be artued on Otctmber 31 . togan Compunys year-end, Hownd answer to the nearest dotur. T1P: If a category is not affected by the transaction. enter 0 or inve the field bionk. it the transaction affects two accounts in the sarse categery, encer the posicive amount in the fout row. Use a 300-day year in interest calculations. (2) Mark 0.00 out of 1.00 Current Ratio, Quick fatio, and Times-interest-Earned Ratio The following data b from the current accounting recoids of Florence Company. account for thad debts: a. Calculate the current ratio under the following stenarios: Round arwwers to two decimal placks. Which oction, if ofy, should florence Coenpary take to maintain a minimum 20 turrent ratio? b. Will either the quick ratio or the omes. interest-earned ratios be affected by at irast one of thele ideas