Current Ratio, Quick Ratio, and Times-Interest-Earned Ratio The following data is from the current accounting records of Florence Company: $10 of cash to pay accounts payable early. Florence Company uses the allowance method to account for bad debts. a. Calculate the current ratio under the following scenarios: Round answers to two decimal places. I a minimum 2.0 current ratio? Cash should be used to pay down accounts payable b. Will either the quick ratio or the times-interest-earned ratios be affected by at least one of these ideas