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The bond indenture for the 10-year, 9% debenture bonds issued anuary 2, 2017, required working capital of $100,000, a current ratio of 1.5, and a quick ratio of 1.0 at the end of each calendar year until the bonds mature. At December 31, 2018, the three measures were computed as follows: 1. Current assets: Cash Temporary investments Accounts and notes receivable (net) Inventories Prepaid expenses Intangible assets Property, plant, and equipment $102,000 48,000 120,000 36,000 24,000 124,800 55,200 $510,00 Total current assets (net) Current liabilities: Accounts and short-term notes payable Accrued liabilities 96,000 204,000 300,00 $210,00 $510,00 $300,00 $115,20 $96,000 Total current liabilities Working capital 1.7 2. Current ratio 1.2 3. Quick ratio Required: List the errors in the determination of the three measures of current position analysis. Is the company satisfying the terms of the bond indenture