Achieve's Companies, a home improvement store chain, reported the following summarized figures (Click the icon to view the income statement) (Click the icon to view the balance sheets) Achieve's has 30,000 common shares outstanding during 2018 Read the faitement Requirement 1. Compute Achieve's Companies current ratio at May 31 2018 and 2017 Begin by selecting the formula to calculate Achieve's Companies current ratio Then enter the amounts and calculate the current ratio for 2018 and then 2017 (Round your answers to two decimal places, XXX) Current ratio 1 Income Statement Achieve's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 42,100 $ 41.100 Cost of Goods Sold 20,800 28,600 300 280 Interest Expense All Other Expenses 7,500 7,800 $ Net Income 13,500 $ 4,420 ho Print Done Balance Sheets Assets 2018 2017 Cash 2,300 $ 13,000 11,800 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets 24,000 7,400 6,800 7,000 May 31, 2018 and 2017 Liabilities 2017 2018 1,900 Total Current Liabilities $ 26,000 $ 12,000 Long-term Liabilities 13,200 5,700 Total Liabilities 39,200 6.300 Stockholders' Equity 1 700 Common Stock 9,000 27.600 Retained Earnings 32,300 41.300 51.600 Total Liabilities and Equity 80,500 $ 24.800 9,000 17.800 Total Current Assets 47.500 33.000 All Other Assets 24,000 Total Equity 26.800 S 80,500 5 51,600 Total Assets Requirements 1. Compute Achieve's Companies' current ratio at May 31, 2018 and 2017 2. Did Achieve's Companies' current ratio improve, deteriorate, or hold steady during 2018? Print Done 2