Question: Using the financial ratios presented in Chapter 10, compares Ashley Palmer's ratios over time, including the pro formaratios for 2014. If the bank requires a

Using the financial ratios presented in Chapter 10, compares Ashley Palmer's ratios over time, including the pro formaratios 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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