Make sure to use Excel form amounts such as Gross pro before taxes. n addition to the above data, the company also reports the following amounts for current assets and current liabilities: The company has debt covenants on outstanding loans that require them to maintain a current ratio of 2.0. e) ( 3 marks) Calculate the cumulative effect of the difference in the valuation of inventory on the ending halance of retained earnings. Make sure to use Excel form amounts such as Gross pro before taxes. n addition to the above data, the company also reports the following amounts for current assets and current liabilities: The company has debt covenants on outstanding loans that require them to maintain a current ratio of 2.0. e) ( 3 marks) Calculate the cumulative effect of the difference in the valuation of inventory on the ending halance of retained earnings