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Current Ratio, Quick Ratio, and Times - Interest - Earned Ratio The following data is from the current accounting records of Florence Company: allowance method

Current Ratio, Quick Ratio, and Times-Interest-Earned Ratio
The following data is from the current accounting records of Florence Company:
allowance method to account for bad debts.
a. Calculate the current ratio 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 or the times-interest-earned ratios be affected by at least one of these
ideas?
Quick ratio
Times-interest-earned ratio
Please answer all parts of the question.
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