(Liquidity ratios and limitations) Manitoba Manufacturing Inc. (MMI) 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 MMI an amount up to 33% of its inventory balance and 50% of its accounts receivable. One of the loan covenants requires that MMI maintain a current ratio greater than 2. Information related to MMI's current assets and current liabilities is shown in the following table: In thousands 2020 2019 Cash $121 $160 Accounts receivable 794 924 Inventory 1.809 1.783 Other current assets 226 268 Bank loan, current 385 193 Accounts payable 944 897 Other current liabilities 37 72 (a) Does MMI satisfy the loan covenant in both years? (Round answers to 1 decimal place, e.g. 18.4.) 2020 2019 times times Current ratio MMI the loan covenant in 2020. MMI the loan covenant in 2019