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I dont know how to do the second part of the question. The following amounts were reported by Leau Ltd. in its most recent statement

image text in transcribedI dont know how to do the second part of the question.

The following amounts were reported by Leau Ltd. in its most recent statement of financial position: Cash $30,600 Accounts payable Accounts receivable 359,550 Wages payable Inventory 765,000 Income tax payable Prepaid insurance 15,300 Unearned revenue Property, plant, and equipment (net) 1,595,100 Bank loan payable (due in 5 years) $564,000 35,000 65,000 101,000 54,000 Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, e.g. 15.25.) Current ratio 1.53 Quick ratio 0.51 Leau Ltd's bank loan includes covenants related to minimum current and quick ratios that the company must maintain. The covenants state that the company must maintain a current ratio of 1.40 or more, and a quick ratio of 0.59 or more. How would a $76,500 loan, which would be repayable in three years, affect your analysis? (Round answer to 2 decimal places, e.g. 15.25.) Quick ratio The company meet its target

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