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On January 1, 2019, Pigero Company took 3-year, P4,000,000 loan from a bank. The loan agreement requires Pigero to maintain a current ratio of 2:1.

On January 1, 2019, Pigero Company took 3-year, P4,000,000 loan from a bank. The loan agreement requires Pigero to maintain a current ratio of 2:1. If the current ratio falls below 2:1, the loan becom...

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