20X9
ASSETS
CURRENT
Cash	564,911
Trade and other receivables	8,158,139
Unbilled revenue	2,679,949
	11,402,998
EQUIPMENT (Note 3)	541,404
	$ 11,944,402
LIABILITIES
CURRENT
Bank indebtedness	-
Trade and other payables	4,048,068
Government remittances	270,883
	4,318,952
PROMISSORY NOTE	3,500,000
	3,500,000
SHAREHOLDERS EQUITY
Share capital (Note 4)	200
Retained earnings	4,125,250
	4,125,450
	$ 11,944,402

Credit Facilities	Details
New debt:	1,000,000.00
Amortization (months):	72
Number of periods (years):
Rate:	5.1%
Annual Payment
Credit Line:	3,000,000.00
Spread:
Prime:	3.0%
All-in:
Projected utilization:

What is Richardson Repair Services' 20X9 Current Ratio, tested under the following assumptions: 1. The $1MM loan is equal amortizing 2. The operating line is being tested at 75% average utilization

Review Later

1.86x

2.64x

1.69x

1.45x