On May 1, 2020, Christina Fashions borrowed $93,000 at a bank by signing a four- year, 6% loan. The terms of the loan require equal principal payments of $23,250 and accrued interest at 6% due annually on April 30. The loan agreement requires the company to maintain a minimum current ratio of 2.0. The December 31, 2020, year- end statement of financial position, immediately prior to the reclassification of long- term debt, follows: Current assets $132,500 Current liabilities $53,000 Non-current assets 158,500 Loan payable 93,000 Common shares 68,000 Retained earnings 77,000 Total liabilities and Total assets $291,000 shareholders' equity $291,000 (a) Does Christina Fashions comply with the bank's current ratio requirement prior to recording the accrued interest and reclassification of the current portion of the long-term loan? (Round answer to 1 decimal place, e.g. 1.2.) Current ratio Christina Fashions the bank's minimum current ratio. ( b )