Question 4 (20 marks) Your friend Bill Sing just got a job after graduating with a 92% average. Bill's grades were not a true reflection of his intelligence, as all he did was cheat and plagiarize throughout his classes His true average is 29%. At Bill's new job, his boss asks to review the following financial statements for the company's client. 2019 2020 2019 2010 CURRENT ASSETS $18,420 $24,046 CURRENT LIABILITIES Accounts Payable Notes Payable $18,255 Cash Accounts Receivable $13,154 12,000 11.571 41,800 Other 30.553 25,235 50,135 $93,645 12,448 25,392 $61.886 Inventory TOTAL Current Assets 36,755 Total Current Liabilities 90,773 $205,000 $80,000 Los Teu Debt FEXED ASSETS $314,695 $455,754 Net Plant & Equipment OWNERS EQUITY Cos Steck Retained Eanings TOTAL OWNERS EQUITY TOTAL Liabilities & OE 540,000 219,826 359,336 $376,581 $40,000 243,606 283,606 5579,379 $579.39 $376.681 TOTAL ASSETS Sales 2020 $316919 Cost of Goods Sold 213,199 32,420 Depreciation Earnings Before Interest & Tax Interest Paid Taxable Income $71,300 19,500 $51,800 20.720 $31,080 $20,500 Taxes (40%) Net Income Dividends Additions to Retained Earnings 10 $80 Your boss wants you to calculate the following ratios for 2020 and make a recommendation regarding the loan request Current Ratio Quick Ratio Cash Ratio Asset Tumover Inventory Turnover Receivables Turnover Total Debt Ratio Equity Multiplier Times Interest Earned Profit Margin ROA ROE The client has asked for a $10 million loan. Based on the ratio 's above which one's do you believe are most important to a bank and why? Make a recommendation (short paragraph) should the bank lend the client the money? Why or Why not