The following amounts were reported by Leau Ltd. in its most red $557.000 $30,040 Accounts payable Cash 29.000 413,050 660,880 Wages payable Income tax payable Unearned revenue Bank loan payable (due in 5 years) Accounts receivable Inventory Prepaid insurance Property, plant, and equipment (net) 62.000 103,000 15,020 54,000 1,472,500 (a) Your answer is correct Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, eg. 15.25) 149 Current ratio 0.59 Quick ratio Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, eg. 15.25.) Current ratio 1.49 Quick ratio 0.59 e Textbook and Media Attempts: 1 of 2 used (C) 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 0.67 or more. How would a $75.100 loan, which would be repayable in three years, affect your analysis? (Round answer to 2 decimal places, eg. 15.25.) Quick ratio The company meet its target