3. Kross Banks is lending money to Sommers Construction for their new project of condos in downtown Toronto. Kross Banks indicated that they would lend the money to Sommers if their current ratio was 1.5 or above. The current ratio of Kross Banks is $(1.5 pr Current Assets = 3,450,000 = 1.6 Current Liabilities 2,156,250 A material change in current asset would be: a. $1 b. A decrease of $75,425 C. A decrease of $175,725 d. A decrease of $215,750 1.5. 3234375 215625

3. Kross Banks is lending money to Sommers Construction for their new project of condos in downtown Toronto. Kross Banks indicated that they would lend the money to Sommers if their current ratio was 1.5 gr above. The current ratio of Kross Banks is CurrentLiabilitiesCurrentAssets=2,156,2503,450,000=1.6 A material change in current asset would be: a. $1 b. A decrease of $75,425 c. A decrease of $175,725 d. A decrease of $215,750 3234375