The following amounts were reported by Leau Ltd. in its most recent statement of financial position: Cash $32,720 Accounts payable $623,000 Accounts receivable 376,280 Wages payable 30,000 Inventory 711,660 Income tax payable 69,000 Prepaid insurance 16,360 Uneamed revenue 96,000 Property, plant, and equipment (net) 1,706,900 Bank loan payable (due in 5 years) 48,000 Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, e.g. 15.25.) Current ratio Quick ratio eTextbook and Media Leau Ltd's bank loan includes covenants related to minimum current and quick ratios that the company must maintain. The covenants state that the company must maintain a current ratio of 1.35 or more, and a quick ratio of 0.58 or more. How would a $81,800 loan, which would be repayable in three years, affect your analysis? (Round answer to 2 decimal places, e.g. 15.25.) Quick ratio meet its target. The company