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You have been given responsibility for overseeing a bank's small business loans division. The bank has included loan

covenants requiring a minimum current ratio of $1\mathrm{.}30$ in all small business loans. When you ask which inventory costing

method the covenant assumes, the previous loans manager gives you a blank look. To explain to him that a company's

inventory costing method is important, you present the following balance sheet information.

You ask the former loans manager to find amounts for $($a$),($b$),($c$),$ and $(d)$ assuming the company began the year with $6$

units of inventory at a unit cost of $$10,$ then purchased $9$ units at a cost of $$11$ each, and finally purchased $7$ units at a cost

of $$15$ each. A year$-$end inventory count determined that $5$ units are on hand.

Determine the current ratios using $($I$)$ FIFO, $($i$)$ Weighted Average, and $($iii$)$ LIFO. $($Round your answers to $2$ decimal places.$)$