Ethics and Note Due from President

You are the accountant for Speedy Company and are preparing the financial statements for $2019.$ Near the end of $2019,$ Speedy loaned its president $$100,000($a material amount$)$ because she was having financial difficulties. The note was properly recorded as a note receivable by Speedy. You are unsure of how to classify this note on the $2019$ ending balance sheet and ask the president when the note is due. She replies, $$We never really set a due date; I might repay it in $2020$ or maybe in a couple of years when I get more financially secure$.$ It would be best to classify this note as a current asset in the usual manner because that will increase our working capital and current ratio, which will make our creditors and shareholders happy.$$

Required:

$1)$ From a financial reporting perspective, what do you think of the president$$s suggestion?

$2)$ From an ethical perspective, what do you think of the president$$s suggestion?