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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

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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) $32,680 367,650 702.620 Accounts payable Wages payable Income tax payable Unearned revenue Bank loan payable (due in 5 years) $619,000 35,000 68,000 95,000 47.000 16,340 1,567,700 Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, eg. 15.25.) Current ratio Quick ratio e Textbook 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 0.57 or more. How would a $81.700 loan, which would be repayable in three years, affect your analysis? (Round answer to 2 decimal places, eg. 15.25) Quick ratio Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, eg. 15.25.) Current ratio Quick ratio e Textbook 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 0.57 or more. How would a $81.700 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. e Textbook and Media

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