The following amounts were reported by Leau Ltd. in its most recent statement of financial position: Cash Accounts receivable Inventory Prepaid insurance Property, plant, and equipment (net) $31,760 404,940 786,060 15,880 1,529,000 Accounts payable Wages payable Income tax payable Unearned revenue Bank loan payable (due in 5 years) $612,000 33,000 56,000 93,000 52,000 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 1.40 or more, and a quick ratio of 0.63 or more. How would a $79,400 loan, which would be repayable in three years, affect your analysis? (Round answer to 2 decimal places, e.g. 15.25.) Quick ratio The company meet its target