Your answer is partially correct. 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 0.63 or more. How would a $77,300 loan, which would be repayable in three years, affect your analysis? (Round answer to 2 decimal places, es. 15.25.) Quick ratio The company would meet its target. e Textbook and Media Solution View PUULIUS Current Attempt in Progress A key control used to mitigate the unethical manipulation of accounting records and fraudulent cash transactions is O bank reconciliation separation of duties. physical controls O documentation e Textbook and Media Submit. Attempts: 0 of 1 used Save for Later CurrenL ALL plin Progress All of the following are features of the aging of accounts receivable method except O focuses on asset valuation O analysis of allowance for doubtful accounts required in order to determine bad debts expense. O emphasizes statement of financial position relationship O determines bad debt expense directly. e Textbook and Media Save for Later Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress Which of the following is a contra account? O Bad Debts O Accounts Receivable Recoveries O Allowance for Doubtful Accounts O Credit Sales e Textbook and Media Attempts: 0 of 1 used Satii Ar Save for Later