Balance Sheet Accounts Compute the total current liabilities for the years 2018 and 2017. Calculate the percentage change in the total current liabilities all accounts have normal balances) lin mililions 2 Calculate percentage changes in accounts payable and income taxes payable Give a possible explanation for the changes in these accounts 3. By how much did Hanover's long, and shortterm borrowings change from 2017 to 2018, Give . possible explanation for the change in debt Calculate the current and quick ratios for 2018 and 2017 Explain the direction and significance of the change in the ratios $1,780 1,649 5 Liabilities in order of significance Long-term debt 7 Other non current lisbilities 3 Deferred income tases 9 Accounts payable 20 Other current liabilities 21 Accrued salaries and wages 22 Short-term botrowings 23 Accrued advertising expense 24 income tases payable 5 14,465 15,001 ,421 3,504 2556 ,148 2,468 1,738 1,082 1,126 1,200 93 5 31.201 S30,176