Urgent Help Please!

Question 1: GGB has a loan with its bank. The loan agreement contains a covenant that requires that GGB maintains a current ratio greater than or equal to 1.20. Calculate the current ratio. Is GGB in compliance with its covenant? Question 2: Calculate the Net Profit Margin Ratio for GGB based on the above information. Express your answer as a percentage and round to the nearest percentage point.

O O = Part B - GGB has the following information taken from their most recent financial statements: Current Assets = $50,000 Total Assets = $70,000 Current Liabilities = $40,000 Total Liabilities = $50,000 Total Shareholders' Equity = $20,000 Gross Sales (before discounts) = $60,000 Discounts = $10,000 Net Income = $5,000 O = O O = O O