Avery Inc. has come to the bank you work for looking for a $250,000 long-term loan. The loan committee has asked you to review the following data submitted with Avery's loan application: Current assets Current liabilities Long-term liabilities Shareholders' equity Operating income Interest expense Income tax expense Net income 2016 2017 $316,500 $475,200 120,000 155,400 52,800 175,200 311,700 408,600 168,900 103,500 5,400 000 65,400 34,200 98,100 51,300 a. Calculate the following ratios: i. The Current Ratio for 2016 and 2017 ii. The Debt-to-Equity Ratio for 2016 and 2017. b. Briefly comment on Avery Inc. liquidity and debt-to-equity ratio. Would you grant the loan to Avery Inc.? Provide support for your position