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 BMI's 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 1,723 Other current assets 248 270 Bank loan, current 424 195 Accounts payable 1,082 896 Other current liabilities 37 79