Critical Thinking You are the CEO of local manufacturing company, Smith Enterprises. This company is run by two brothers, Steve and John this company up from a small five-man s The national economy has recently taken a turn for the worse hop to a compa y now employing over 200 people. has affected the Smith business. In fact, the company's performance of late has b een such that it is in jeopardy of violating several of its debt covenants. If the has the option of calling the debt due immediately. It the debt is called, Smith is not sure what will happen, but it wil certainly not be good. The covenant that is in jeopardy relates to the current ratio. If the current ratio drops b Steve and John have come to you and asked you to suggest ways in which the current ratio, which currently stands elow 2, Smith Enterprises is considered in technical default on its debt at 1.9, could be increased. Take a moment and think of ways in which the current ratio might be manipulated. Identify specific actions that the Smith current ratio. Is it in the best interests of shareholders and lending institutions for financial statements? brothers might take to increase t Steve and John to make business decisions that have cosmetic effects on the Please submit relevant answer for each question separately. Apr 2, 2019 12:54 AM ( 17 days ago May 2.2019 4:00 PM( 13 days from now) 4/19/2019