Valley Bleu Lte reported the following current accounts at December 31, 2019 (amounts in thousands): During 2020,

Valley Bleu Ltée reported the following current accounts at December 31, 2019 (amounts in thousands):

During 2020, Valley Bleu completes these transactions:
- Used inventory of \(\$ 3,800\)
- Sold services on account, \(\$ 6,500\)
- Depreciation expense, \(\$ 400\)
- Paid for accrued expenses, \(\$ 500\)
- Collected from customers on account, \(\$ 7,500\)
- Accrued expenses, \(\$ 1,300\)
- Purchased inventory of \(\$ 3,500\) on account - Paid on account, \(\$ 5,000\)
- Used up prepaid expenses, \(\$ 600\)
Compute Valley Bleu's current ratio at December 31, 2019, and again at December 31, 2020. Did the current ratio improve or deteriorate during 2020? Comment.on the company's current ratio.

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a. Cash b. Receivables. c. Inventory... d. Prepaid expenses.. e. Accounts payable. f. Unearned revenue g. Accrued expenses payable. $1,700 5,600 1.800 800 2.400 1,200 1,700