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Would you recommend that Calculation Nation approve the loan request? Why or why not? Are...

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Accounting

  • Would you recommend that Calculation Nation approve the loan request? Why or why not?
  • Are the controller's actions ethical? Why or why not?
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Calculation Nation denied the loan request for a number of reasons, including the fact that the current ratio was below 2:1. When Frank was informed of the loan denial, the controller of the company immediately paid $420,000 that was owed to several trade creditors. The controller then asked Calculation Nation to reconsider the loan application

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