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Part 6 - Top-Down Operating Budget (15 marks) Prepare the operating budget for 2022 using the 2021 percent of sales method. (Prepare a Questions: 1.

Part 6 - Top-Down Operating Budget (15 marks) Prepare the operating budget for 2022 using the 2021 percent of sales method. (Prepare a Questions: 1. Prepare the budget for 2022. Prepare the chart for 2022 above. 2. A bank covenant requires a minimum current ratio of 1.5:1 if the company is going to start receiving bank loans. Is the loan possible

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