=+EX 17-7 Current position analysis obj. 2

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a. (1) Dec. 31, 2005 current ratio, 1.1 The bond indenture for the 10-year, 10% debenture bonds dated January 2, 2009, required working capital of $142,000 a current ratio of 1.7, and a quick ratio of 1.2 at the end of each calendar year until the bonds mature. At December 31, 2010, the three measures were computed as follows: