oseph Josephs, CPA is auditing the Elder Companys current years annual financial statements and notices that the Company has violated the 2.1 to 1.0 current ratio requirements as part of its debt agreement with the Sunshine Bank. The companys current ratio is 1.85 to 1. Elders management believes (strongly) that it will improve their current ratio during the 90-day grace period. Nonetheless, the bank has the right to call in the entire $2 million loan. However, Joseph is not so sure and must issue his report before this grace period expires. Should Joseph qualify his opinion or demand that Elder re-classify this loan as a short-term liability, in light of the above circumstances? AU# or PCAOB#, ASC#... and so on. keyword, document # please.