Financial statement analysis: current rate (currrent ratio) Instructions: 1. Read the situation presented below and participate in the forum by answering as requested. The company ABX requested a credit line to finance the production operations of a new article. The bank denied the request because in its analysis of the financial statements the current rate was less than 2. 2. Answer the following question: Why do you think the bank considered that the current rate of less than 2 was not adequate? What other factors could be considered when evaluating a current rate of less than 2 as adequate? 3. When preparing your answer, explain what a company's current rate measures and its importance for effective financial planning