Aim's Companies, a home improvement store chain, reported the following summarized figures Aim's Companies Income Statement Years Ended May 31, 2018 and 2017 (Click the icon to view the balance sheets.) (Click the icon to view the income statement ) Aim's has 20,000 common shares outstanding during 2018. Read the requirements 2018 2017 Requirement 1. Compute Aim's Companies' current ratio at May 31, 2018 and 2017. Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income 44,700 24,900 320 7,100 12,380 55,400 $ 21,200 Begin by selecting the formula to calculate Aim's Companies' current ratio. Then enterthe amounts and calculate the current ratio for 2018 adth 2017. (Round your answers to two decimal places, X.xx.) 400 6,200 27,600 $ Current ratio 2018 2017 Aim's Companies Balance Sheet May 31, 2018 and 2017 Requirement 2. Did Aim's Companies' current ratio improve, deteriorate, or hold steady during 2018? Aim's Companies current ratio held steady deteriorated improved Assets Liabilities 2018 2017 2018 2017 Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Curent Assets All Other Assets Total Assets 1,800 Total Current Liabilities 14,000 Long-term Liabilities 5,500 Total Liabilities 6,300 2500Common Stock 29,900 Retained Earnings 24,000 Total Equity 53,900 25,000 $ 12,400 37,400 2,000 S 13,000 10,700 24,000 7.300 7,000 9,000 23,700 Stockholders' Equity 49,300 28,000 77,300 S 9,000 30,900 39,900 77,300 $ 9,000 21,200 30,200 53,900 Total Liabilities and Equity