The following amounts were reported by Liquid Company in its most recent statement of financial position: Bank loan payable $($due in three years$)$

$($a$)$

Calculate the current ratio and quick ratio for Liquid Company. $($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Current ratio

Quick ratioThe following amounts were reported by Crane Ltd$.$ in its most recent statement of financial position: $($a$)6.$ Your answer is incorrect. Calculate the current ratio and quick ratio for Crane Ltd$.($Round answers to $2$ decimal ploces, e$.$s$.15\mathrm{.}25.)$