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The bond indenture for the 10-year, 9% debenture bonds issued January 2,2005 , required working captal of $100,000, a current ratio of 1.5, and a
The bond indenture for the 10-year, 9% debenture bonds issued January 2,2005 , required working captal of $100,000, a current ratio of 1.5, and a quick ratio of 1.0 at the end of eedi calendar year until the bonds mature. At December 31, 20Y6, the three measures weie cornpuited as follows: a. Find the elioss in the deteminatien of the threse measure 00 place. Working apital b. Is the coiripany satidying the tems of the bond andenture
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