Health Corporation has several notes receivable reported as current assets on its year-end balance sheet. While collection seems certain, it may be delayed beyond one year. Because of this, Jerome, the controller wants to reclassify these notes as non-current. Healths treasurer, Amanda also thinks that collection will be delayed but does not favor reclassification because this will reduce the current ration from 1.5:1 to 0.8:1. This reduction in current ratio is detrimental to company prospects for securing a major loan. Instructions: 1. Identify and describe more than one ethical perspective in resolving the identified dilemma. 2. Clarify the advantages and disadvantages of implementing each ethical perspective. 3. Determine and support a proposed solution.