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Often loan agreements require the borrower to comply with certain requirements (i.e. loan covenants), such as maintaining a particular current ratio or limiting future borrowing.
Often loan agreements require the borrower to comply with certain requirements (i.e. loan covenants), such as maintaining a particular current ratio or limiting future borrowing. To decide if a company has complied with its loan covenants, a creditor would look at the company's: Multiple Choice charter. financial statements. bank statements. chart of accounts
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