the second question is the complete part of the first question.

Question 2 of 7 - / 10 View Policies Current Attempt in Progress 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) $33,600 420,000 663,600 16,800 1,695,900 Accounts payable Wages payable Income tax payable Unearned revenue Bank loan payable (due in 5 years) $643,000 32,000 65,000 100.000 55.000 Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, e.g. 15.25.) Current ratio Quick ratio e Textbook and Media arch . - / 10 Question 2 of 7 >> 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 1.30 or more, and a quick ratio of 0.62 or more. How would a $84,000 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 Attempts:0 of 3 used Submit Answer Seue for later