c. You have calculated the following ratios for your client Archie Ltd: Industry averages 20x1 Archie Ltd 20x1 Days to sell inventory The same as last year 126 days Dropped from 83 to 80 days Current ratio The same as last year-2.0 Dropped from 2.6 to 2.05 As part of a debenture deed, the company has a contractual commitment to maintain a current ratio of 2.0 If this ratio falls below that level on the balance sheet date, the debentures become payable immediately. Required: How do the above ratios affect your audit plan and investigation Explain. (8 marks)