Wildhorse Manufacturing Inc. (WMI) has a loan from the Canadian National Bank to help finance its working capital. The terms of the loan are that the bank will lend WMI an amount up to 33% of its inventory balance and 50% of its accounts receivable. One of the loan covenants requires that WMI maintain a current ratio greater than 2.0. Information related to WMI's current assets and current liabilities is shown in the following table: In thousands 2024 2023 Cash $110 $148 Accounts receivable 842 790 Inventory 1,984 1,598 Other current assets 248 273 Bank loan, current 425 180 Accounts payable 1,062 1,031 Other current liabilities 42 77 (a) Does WMI satisfy the loan covenant in both years? (Round answers to 1 decimal place, eg. 18.4.) Current ratio 2024 times WMI the loan covenant in 2024 WMI the loan covenant in 2023. 2023 times