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The bond indenture for the 10 -year, 9% debenture bonds issued January 2,20 , 5 , required working capital of $100,000, a current ratio of

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The bond indenture for the 10 -year, 9% debenture bonds issued January 2,20 , 5 , required working capital of $100,000, a current ratio of 1.5 , and a quick 1.0 at the end of each calendar year until the bonds mature. At December 31,20Y6, the three measures were computed as follows: Current Position Analysis The bond indenture for the 10 -year, 9% debenture bonds issued January 2, 20Y5, required working capital of $100,000, a current ratio of 1.5 , and a quick ratio of 1.0 at the end of each calendar year until the bonds mature. At December 31,20Y6, the three measures were computed as follows: 2. Current ratio 3. Quick ratio 1.7$50,000$300,0001.2$115,200$96,000 a. Find the errors in the determination of the three measures of current position analysis. Then provide the correct amounts below. If required, round the ratios to one decimal place. b. Is the company satisfying the terms of the bond indenture

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