Question 5 of 5 View Policies Current Attempt in Progress The following amounts were reported by Leau Ltd. in its most recent statement of financial position: Cash $30,040 Accounts payable $557,000 Accounts receivable 413,050 Wages payable 29,000 Inventory Prepaid insurance Property, plant, and equipment (net) 660,880 15.020 1,472,500 Income tax payable 62,000 Unearned revenue 103,000 Bank loan payable (due in 5 years) 54,000 (a) Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, e.g. 15.25.) Current ratio Quick ratio -/3 E Submit Answer