Determine the amount for (a) using weighted average amd then calculate (b) through (d)

2 of 5 Required information The following information applies to the questions displayed below) You have been given responsibility for overseeing a bank's small business loans division. The bank has included loan covenants requiring a minimum current ratio of 3.20 in all small business loans. When you ask which inventory costing method the covenant assumes, the previous loans manager gives you a blank look. To explain to him that a company's inventory costing method is important, you present the following balance sheet information 03:30:51 Current assets other than inventory $ 16 Inventory (a) Other (noncurrent) assets 119 Total assets Current liabilities Other (noncurrent) liabilities Stockholders' equity Total liabilities and stockholders' equity $ (c) You ask the former loans manager to find amounts for (a). (6). (. and (dassuming the company began the year with 8 units of inventory at a unit cost of $15, then purchased 11 units at a cost of $16 each, and finally purchased 9 units at a cost of $20 each. A year-end inventory count determined that 8 units are on hand. 2. Determine the amount for (a) using Weighted Average, and then calculate () through (d. Amount Inventory Total Assets Total Liabilities and Stockholders Equity Stockholders Equity