Wildhorse Aristocrat nc$.($WA$)$ borrowed $$210,000$ from Grow Business Bank to finance the purchase of equipment costing $$157,500$

and to provide $$52,500$ in cash. The legal documentation states that the loan matures in $20$ years, and the principal is to be paid in

annual instalments of $$10,500.$ The terms of the loan also indicate that WA must maintain a current ratio of $1\mathrm{.}25$ and cannot pay

dividends that will reduce retained earnings below $$105,000.$ The $2024$ year$-$end statement of financial position, immediately prior to

the bank loan and the purchase of equipment, follows:

Prepare the following statement of financial position assuming the maximum divided is declared and paid.

Current Assets

$

Non$-$current Assets

Total Assets

Current Liabilities

Long$-$term Liabilities

Common Shares

Retained Earnings

Total Liabilities and Shareholder's Equity $

Calculate the current ratio using the updated statement of financial position. $($Round answer to $2$ decimal places, e$.$g$.7\mathrm{.}25.)$

Current ratio

Wildhorse Inc.

in compliance with the loan agreeement.