Blossom Manufacturing Inc. (BMI) has a loan from the Canadian National Bank to help finance its Working capital. The terms of the loan are that the bank will lend BMI an amount up to 34% of its Inventory balance and 50% of its accounts receivable. One of the loan covenants requires that BMI maintain a current ratio greater than 2.0. Information related to BMIs current assets and Current liabilities is shown in the following table: In thousands 2024 2023 Cash $112 ,$166 Accounts receivable 809, 854 Inventory 2,022 of 2024 and 1,723 in 2023.Other current assets 248, 270 .Bank loan, current 424 ,195 .Accounts payable 1,082, 896. Other current liabilities 37, 79. Does BMI satisfy the loan covenant in both years?(Round answers to 1 decimal place, e.g. 18.4.) Current ratio of 2024, 2023 in times? BMI the loan covenant in 2024. BMI the loan covenant in 2023.