5 Required information [The following information applies to the questions displayed below.] You have been given responsibility for overseeing a bank's small business loans division. The bank has included loan covenants requiring a minimum current ratio of 1.50 in all small business loans. When you ask which inventory costing method the covenant assumes, the previous loans manager gives you a blank look. To explain to him that a company's inventory costing method is important, you present the following balance sheet information. Current assets other than inventory Inventory Other (noncurrent) assets Total assets Current liabilities $29 (4) 145 $ (b) $ 74 Other (noncurrent) liabilities 82 Stockholders' equity (d) Total liabilities and stockholders' equity $ (0) You ask the former loans manager to find amounts for (a), (b), (c), and (d) assuming the company began the year with 7 units of inventory at a unit cost of $10, then purchased 10 units at a cost of $11 each, and finally purchased 8 units at a cost of $15 each. A year-end inventory count determined that 6 units are on hand. Submit