ASSETS Current assets Cash and equivalents Short-term investments Accounts receivable Inventories Battista Products Balance Sheet as of December 31, 2007, and December 31, 2006 15 in millions) 2007 2006 Change LIABILITIES 2007 2006 Change Current liabilities $ 1.651 $ 1.716 -$65 Accounts payable $ 5.271 S 5.357 -$ 86 $ 1,171 $ 3.166 -$1,995 Short-term debt $ 274 2.889 -$2.615 Other current liabilities S 315 S 1.160 $ 155 $ 3.725 $ 3.261 $ 464 Total current liabilities S6,8609406-52.516 $ 1.926 $ 1,693 $ 233 Long-term debt $ 2.5505 2,313 $ 657 $ 618 $39 Other long-term liabilities S 1,073 S 1,683 - 615 Total liabilities $10,483 $13.407 -$2,924 $9,130 $10.454 - $1,324 OWNERS' EQUITY Common stock $ 2.614 52.614 $ 0 59,687 $ 8,681 $1.006 Retained earnings $7.9945 5.221 $2.773 5 2.274 $ 2.107 $ 167 Total owners' equty 510,608 S 7.835 52.773 TOTAL LIABILITIES AND $21.091 $21.242 -$15 OWNERS' EQUITY $21,091 521,242 -5151 Other current assets Total current assets Net plant, property and equipment Other long-term assets TOTAL ASSETS FIGURE 2.1 . Calculate Cuttent Ratio for 2006 and 2007 Doest this ratio indicate any problem in the company or not? Explain in 2-3 lines