Oriole Aristocrat nc (OA) borrowed $140,000 from Grow Business Bank to finance the purchase of equipment costing $105,000 and to provide $35,000 in cash. The legal documentation states that the loan matures in 20 years, and the principal is to be paid in annual instalments of $7,000. The terms of the loan also indicate that OA must maintain a current ratio of 1.25 and cannot pay dividends that will reduce retained earnings below $70,000. The 2024 year-end statement of financial position, immediately prior to the bank loan and the purchase of equipment, follows: Prepare the following statement of financial position assuming the maximum divided is declared and paid. Calculate the current ratio using the updated statement of financial position. (Round answer to 2 decimal ploces. es. 7.25.) Current ratio Oriole inc in compliance with the Ioan agreeement