The following information applies to the questions displayed below mall business loans division. The bank has You have been given responsibility for overseeing a bank's s Included loan covenants requiring a minimum current ratio of 12 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. Current assets other than Inventory Inventory Other (noncurrent) assets $ 25 143 s (b) Total assets Current liablities Other (noncurrent) lablities Stockholders equity $ 45 50 (cl) Total liabilities and stockholders equity S (c) You ask the former loans manager to find amounts for ta, (b) (c, and (d) essuming the company began the year with 3 units of inventory at o unit cost of $10, then purchased 6 unts at o cost of $11 each. and finally purchased 4 units at a cost of S15 each A year-end inventory count determined that 2 units are on hand