Required information (The following information applies to the questions displayed below. 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 1.20 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. $ 17 (a) 121 $ (b) Current assets other than inventory Inventory Other (noncurrent) assets Total assets Current liabilities Other (noncurrent) liabilities Stockholders' equity Total liabilities and stockholders' equity $ 50 58 (d) $ (C) You ask the former loans manager to find amounts for (a), (b), (c), and (d) assuming the company began the year with 9 units of inventory at a unit cost of $10, then purchased 12 units at a cost of $11 each, and finally purchased 10 units at a cost of $15 each. A year-end inventory count determined that 3 units are on hand. 4. Determine the current ratios using (1) FIFO, (i) Weighted Average, and (ii) LIFO. (Round your answers to 2 decimal places.) Current Ratio FIFO Weighted Average LIFO