On June 30, 2024, Ivanhoe Company borrowed $440,000 at a bank by signing a five-year, 10% loan. The terms of the loan require equal semi-annual principal payments plus interest beginning December 31, 2024. The loan agreement requires the company to maintain a current ratio of 2.5. The December 31, 2024, year-end statement of financial position, immediately prior to the bank loan repayment and the reclassification of long-term debt, follows: (a) Does Ivanhoe Company comply with the current ratio requirement prior to recording the December 31 loan payment? (Round answer to 1 decimal place, e.g. 1.2.) Does lvanhee Compary comply with the cirrent tatio recuirement prioc to recorifing the Decetnber 31 loan payment? \{Roand divwer to 1 decimal place. es. 1.2. Current ratit Vastice Compan the byrks minimias current ration eTextbock and Media List of ccounts Attempts: 0 of 3 used (b) The parts of this queztice must be completed in orders. This part win be avalabie whyn you compliece the part atione