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Vlew Policles Current Attempt in Progress On June 30,2024,5andwill Compary borrowed $392,000 at a bank by signing a five yean, 10x loan. The terms of

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Vlew Policles Current Attempt in Progress On June 30,2024,5andwill Compary borrowed $392,000 at a bank by signing a five yean, 10x loan. The terms of the loan require cqual semi-annual principal payments plus interest beginning December 31,2024 , The loan sgreement requires the compary to maintain a current ratio of 2.5. The December 31, 2024, year end statement of financial position, immediately prlor to the bank loan repayment and the reclassification of long-term debt, follows: [a] Does Sandhill Company comply with the current ratio reguirement prior to recording the December 31 loan payment? iRound answer to 1 decimal place, es. 1.2.) Current ratio Sandhill Compamy the bank's minimum cirrent ratio

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