FORUM DESCRIPTION NOTE you have not read the direction on the custom Forum nice the male wote win the story, edo o bere registreerd Original Post Stance: For this discussion board you will be using the Ethical Dilemma Section on p 13 of your look at through these trainer of Jackson Philips's proposal to increase the company's current rate Remberto og and the accounting presyo amedor develop you won Yamaha three points as to why this route is the bedroht to go one of the points being related to the band counting NOTE: You will not be able to see any of your dames Original Poste prior to post your Original Post The Origin Powd og var responses for you to reply to on the Reply Post Reply Post Stance When it is in to complete the Reply Pose, you will need to read through your designato PdONE O Porto reply For the Reply you will be an AGAINST Jackson Philips proposal to increase the company's current Remember that for the uply Pour you must not only are your eas to why you suggest is best to your produce counter arguments to the point made in the Original Post Remember to review con under the Discussion Forum for mange Whither or not you do argues or all three arguments in the Original Post Page 13 Page 133 Ethical Dilemma The Raintree Cosmetic Company has several loans outstanding with a local bank. The debt agreements all contain a covenant stipulating that Raintree must maintain a current ratio of at least 0.9. Jackson Phillips, company controller estimates that the 2021 year-end current assets and current liabilities will be $2,100,000 and $2,400,000, respectively These estimates provide a current ratio of only 0.875, Violation of the debt agreement will increase Raintree's borrowing costs as the loans are renegotiated at higher rates. Jackson proposes to the company president that Raintree purchase inventory of $600,000 on credit before year end. This will cause both current assets and current liabilities to increase by the same amount, but the current ratio will increase to 0.9. The extra $600,000 in inventory will be used over the later part of 2022. However, the purchase will cause warehousing costs and financing costs to increase Jackson is concerned about the ethics of his proposal What do you think