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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

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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 ch O

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