Your friend Bill Smith just got a job after graduating with a 92% average. Bill's grades were not a true reflection of his intelligence, as all he did was cheat and plagiarize throughout his classes. His true average is 29%. At Bill's new job, his boss asks to review the following financial statements for the company's client. 2019 2020 2019 2020 CURRENT ASSETS CURRENT LIABILITIES Cash $24,046 $18,255 Accounts Payable $13,164 $1,420 Accounts Receivable 12,448 25,235 Notes Payable 12,000 41.800 Inventory 25,392 50.155 Other 11,571 30,553 TOTAL Cent Assets $61,386 593,645 Total Current Liabilities 36,755 90,773 Long Term Debt $80,000 $205,000 FIXED ASSETS Net Plant & Equipment $314,595 $485,734 OWNERS EQUITY Common Stock $40,000 $40,000 Retained Earnings 219,326 243,606 TOTAL ASSETS $376,581 $579,379 TOTAL OWNERS EQUITY TOTAL Liabilities & OE 259,836 283,606 $376,581 $579,379 2020 Sales Cost of Goods Sold $316,919 213,199 Depreciation 32,420 Earnings Before Interest & Tax $71,300 Interest Paid 19.500 Taxable Income $51,800 Tax (40%) 20,720 Net Income $31,000 Dividends $30,500 Additions to Retained Earnings 10,580 Your boss wants you to calculate the following ratios for 2020 and make a recommendation regarding the loan request Current Ratio Quick Ratio Inventory Turnover Times Interest Earned Receivables Turnover Profit Margin Cash Ratio Total Debt Ratio ROA Asset Turnover Equity Multiplier ROE The client has asked for a $10 million loan. Based on the ratio's above which one's do you believe are most important to a bank and why? Make a recommendation (short paragraph) should the bank lend the client the money? Why or why not