Cullumber Manufacturing Inc. (CMI) 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 CMI an amount up to 34% of its inventory balance and 50% of its accounts receivable. One of the loan covenants requires that CMI maintain a current ratio greater than 2.0. Information related to CMI's current assets and current liabilities is shown in the following table: In thousands 2024 2023 Cash $126 $158 Accounts receivable 901 848 Inventory 1,969 1,646 Other current assets 226 275 Bank loan, current 406 192 Accounts payable 957 976 Other current liabilities 42 =2 82