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The following amounts were reported by Sindarius Ltd. in its most recent statement of financial...

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Accounting

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The following amounts were reported by Sindarius Ltd. in its most recent statement of financial position: 2020 2019 Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Property, plant, and equipment (net) Accounts payable Wages payable Income tax payable Unearned revenue Long-term bank loan payable Common shares Retained earnings $33,600 $98,400 274,400 205,000 621,600 475,600 16,400 1,174,300 1,245,000 443,000 308,000 29,000 22,000 20,000 53,000 816,000 899,000 200,000 200,000 544,700 531,400 16,800 29,000 66,000 The company had sales of $1,975,680 in 2020 and $2,070,500 in 2019. All sales were on account. Calculate the current ratio and quick ratio for Sindarius Ltd. for the current and preceding year. (Round ratios to 2 decimal places, e.g. 15.25.) 2020 2019 Current ratio Quick ratio Current ratio Quick ratio

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