View Policies Current Attempt in Progress The following amounts were reported by Leau Ltd. in its most recent statement of financial position: Cash $31,000 Accounts payable $579,000 Accounts receivable 364,250 Wages payable 33,000 Inventory 775,000 Income tax payable 67,000 Prepaid insurance 15,500 Unearned revenue 96,000 Property, plant, and equipment (net) 1.755,400 Bank loan payable (due in 5 years) 45,000 Calculate the current ratio and quick ratio for Leau Ltd. (Round answers to 2 decimal places, e.g. 15.25.) Current ratio Quick ratio eTextbook 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 1.40 or more, and a quick ratio of 0.59 or more. How would a $77.500 ican, which would be repayable in three years, affect your analysis? (Round answer to 2 decimal places. e.g. 15.25) Quick ratic The company mest its target