Cullumber Inc. (CI) has a short-term working capital loan to help finance its working capital. The terms of the loan enable CI to borrow an amount of up to 35% of its inventory balance and 55% of its accounts receivable. One of the loan covenants requires that CI maintain a current ratio greater than 2. Information related to CIs current assets and current liabilities is shown in the following table: In thousands 2024 2023 Cash $160 $225 Accounts receivable 2,056 1,228 Inventory 1,360 2,314 Other current assets 337 392 Accounts payable 1,400 1,338 Short-term bank loan 562 279 Other current liabilities 56 113 (a) Does CI satisfy the loan covenant in both years? (Round answers to 2 decimal places, e.g. 18.45.) 2024 2023 Current ratio enter a number of times rounded to 1 decimal place times enter a number of times rounded to 1 decimal place times CI select an option the loan covenant in 2024. CI select an option the loan covenant in 2023.