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True or false. Indebted Co.s loan with Local Bank has a covenant that requires the firms current ratio to be above 1.25. Indebted Co.s current

True or false. Indebted Co.s loan with Local Bank has a covenant that requires the firms current ratio to be above 1.25. Indebted Co.s current ratio right now is 1.17, so the firm must declare bankruptcy.

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