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Below is a company's financial forecast. A loan is added to the analysis in 2020. Based on the Review Later information, will the company be
Below is a company's financial forecast. A loan is added to the analysis in 2020. Based on the Review Later information, will the company be able to meet the covenant requirements? Select ALL correct statements. The company will have less current assets than current liabilities throughout the years. The company is able to meet the funded debt/EBITDA requirement at the beginning of the loan term, but there is an increased risk of covenant breach after 2023. The total liabilities to equity covenant is breached in 2020 but it's corrected for the rest of the loan term. The company will be able to meet the DSCR requirement at the beginning of the loan term, but there is an increased risk of covenant breach after 2022
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