The following amounts were reported by Leau Ltd. in its most recent statement of financial position Cash $ 30,040 Accounts payable $ 557,000 Accounts receivable 413,050 Wages payable 29,000 Inventory 660,880 Income tax payable 62,000 15,020 Unearned revenue 103,000 Prepaid insurance Property, plant, and equipment (net) 1,472,500 Bank loan payable (due in 5 years) 54,000 (a) Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, eg. 15.25.) Current ratio Quick ratio The following amounts were reported by Leau Ltd. in its most recent statement of financial position Cash $ 30,040 Accounts payable $ 557,000 Accounts receivable 413,050 Wages payable 29,000 Inventory 660,880 Income tax payable 62,000 15,020 Unearned revenue 103,000 Prepaid insurance Property, plant, and equipment (net) 1,472,500 Bank loan payable (due in 5 years) 54,000 (a) Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, eg. 15.25.) Current ratio Quick ratio