The following data are from the 1995 annual report of The Procter \& Gamble Company and its subsidiaries. This company markets a broad range of laundry, cleaning, paper, beauty care, health care, food, and beverage products in more than 140 countries around the world. Leading brands include Ariel, Crest, Pampers, Pantene, Crisco, Vicks, and Max Factor. The dollar amounts are in millions.

Calculate the current ratios for the two years. Comment on whether the trend is favorable or unfavorable.

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June 30 1995 1994 Current assets Current liabilities $10,842 $9,988 8,648 8,040