The Target Company has current assets of dollar 10, 000 and current liabilities of dollar 8,000. They are concerned about their current ratio and are considering paying Accounts Payable totaling dollar 3,000. The Target Company has a loan with National Bank which requires them to maintain a minimum current ratio of 1.4. Required: What is the formula for the current ratio? Compute the current ratio before the possible payment of the liabilities of dollar 3,000. Compute the current ratio assuming that Target Company pays the dollar 3,000 in current liabilities. Compute the current ratio assuming that Target Company buys inventory of dollar 3,000 on account. Ignore Requirement 3. Compute the current ratio assuming that Target Company sells short-term investments with a carrying value of dollar 3,000 for dollar 3,000. Ignore Requirements 3 and 4