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Current Ratio, Quick Aatie, and Times-interest-Earned Ratio The following data is from the carrent acoounting records of Forence Company: Company uses the allowance method to

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Current Ratio, Quick Aatie, and Times-interest-Earned Ratio The following data is from the carrent acoounting records of Forence Company: Company uses the allowance method to account for bad debts a. Calculate the current rasio under the following scenarios: Round answers to two decimal places. Which action if any, should Florence Company take to maintain a minimum 2.0 current ratio? b. Will either the quick ratio of the times-interest-earned racios be affected by at ieast one of thest ideas? Please ancwer all parts of the queftion

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