aspero, inc. has sales of approximately $500,000 per year. Aspero requires a short-term loan of $100,000 to finance its working capital requirements. two banks are considering aspero's loan request but each bank requires certain minimum conditions be satisfied. bank america requires at least a 25% gross margin on sales, and bank boston requires a 2:1 current ratio. the following information is available for aspero for the current year: - sales returns and allowances are 10% of sales - purchases returns and allowances are 2% of purchases - sales discounts are 2% of sales - purchase discounts are 1% of purchase - ending inventory is $138,000 - cash is 10% of accounts receivable - credit terms to aspero's customers are 45 days - credit terms aspero receives from its suppliers are 90 days - purchases for the year are $400,000 - ending inventory is 38% greater than beginning inventory - accounts payable are the only current liability Required assess whether aspero, inc. meets the credit constraint for a loan from either or both banks. show computations