10 12 points Delamy Design Ltd. is a clothing designer, marketer, and distributor. The company reported the following in recent balance sheets (amounts in thousands) September 30, 2017 December 31, 2016 Assets Current Assets: Cash $73,924 $93,562 Accounts Receivable 81,816 58,750 Inventories 26,206 20,830 Other Current Assets 5,692 5,182 012737 Total Current Assets 187,638 178,324 Property, Equipment, and Other Long-term Assets 55,028 26,570 Total Assets $242,666 $204,894 Liabilities and Shareholders' Equity Current Liabilities: Accounts Payable Other Current Liabilities Income Taxes Payable Total Current Liabilities Long-Tern Liabilities Shareholders' Equity Total Liabilities and Shareholders' Equity $19,507 13,030 3,012 11,003 36,349 2,009 204,308 30,077 462 174,355 $242,666 $204,894 Required: 1. Calculate the current ratio at September 30, 2017, and December 31, 2016. (Round your answers to 2 decimal places.) September 30, 2017 December 31, 2016 Current ratio 2-a. Did the company's current ratio increase or decrease? O Increase O Decrease 2-b. What does this imply about the company's ability to pay its current liabilities as they come due?