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Furniture Frenzy Calculation Nation denied the loan request for a number of reasons, including the fact that the current ratio was below 2:1. When Frank
Furniture Frenzy Calculation Nation denied the loan request for a number of reasons, including the fact that the current ratio was below 2:1. When Frank was informed of the loan denial, the controller of the company immediately paid $420,000 that was owed to several trade creditors. The controller then asked Calculation Nation to reconsider the loan application. Current Assets $1,900,000 ($430,000 in cash) Current Liabilities 1,075,000 Week 7 Signature Assignment: Financial Ethics Paper and Presentation Explore Frank's information in Accountopia and then complete Part I and Part II of your signature assignment. Signature Assignment Part I: Paper In a two-to three-page paper, address the following questions: . Would you recommend that Calculation Nation approve the loan request? Why or why not? Are the controller's actions ethical? Why or why not? Then
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