Question: Using the financial ratios presented in Chapter 10, compare Ashley Palmers ratios over time, including the pro forma ratios for 2014. If the bank requires

Using the financial ratios presented in Chapter 10, compare Ashley Palmers ratios over time, including the pro forma ratios for 2014. If the bank requires a current ratio of at least 1.5 and a debt ratio not to exceed 55 percent, can the owners expect to be able to honor these covenants?

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