Accel's Companies, a home improvement store chain, reported the following summarized figures: B (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Accel's has 1,000,000 common shares outstanding during 2016. Requirements 1. Compute Accel's Companies' current ratio at May 31, 2016 and 2015. 2. Did Accel's Companies' current ratio improve, deteriorate, or hold steady during 2016? Data Table - X Data Table - X Accel's Companies Income Statement Years Ended May 31, 2016 and 2015 2016 2015 Net Sales $ 41,000,000 $ 40,500,000 Cost of Goods Sold 22,500,000 25,500,000 Interest Expense 300,000 140,000 All Other Expenses 6.700,000 7.100,000 $ 11,500,000 $ Net Income 7,760,000 Cash Accel's Companies Balance Sheet May 31, 2016 and 2015 Assets Liabilities 2016 2015 2016 2015 $ 2,500,000 $ 1,300,000 Total Current Liabilities $ 28,000,000 $ 13,200,000 13,200,000 27,000,000 9,000,000 Long-term Liabilities 10,900,000 7,600,000 5,700,000 Total Liabilities 41,200,000 24,100,000 7,200,000 5,900,000 Stockholders' Equity 10,000,000 2,300,000 Common Stock 12,000,000 12,000,000 54,300,000 24,200,000 Retained Earnings 32,100,000 13,100,000 31,000,000 25,000,000 Total Equity 44,100,000 25,100,000 $ 85,300,000 $ 49,200,000 Total Liabilities and Equity $ 85,300,000 $ 49,200,000 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets Print Done Total Assets Print Done