Calculate the current ratio in each of the following separate cases.
Definitions:
Particular Fund Doctrine
The principle that a creditor can only lay claim to specific funds or assets of a debtor rather than the debtor's general assets.
90-Day Note
A financial instrument promising payment of a specific sum to the holder 90 days after issuance.
Variable Rate
An interest rate that can fluctuate over the duration of a loan or financial product based on changes in benchmark interest rates or market conditions.
Revised Article 3
An updated part of the Uniform Commercial Code dealing with negotiable instruments like checks and promissory notes, focusing on modernizing and clarifying the law.
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