Better Boat Company wants to invest some of its excess cash in trading securities and is considering two investments, The Row Company $($RC$)$ and Floatsy Life Vests $($FLV$).$ The income statement, balance sheet, and other data for both companies follow for $2025$ and $2024,$ as well as selected data for $2023$:

$($Click the icon to view the data.$)$

Read the requirements.

Requirement $1.$ Compute each ratio for both companies for $2025$ and $2024.$ Assume all sales are credit sales. Round all ratios to two decimal places.

a$.$ Current ratio

Begin by selecting the correct formula.

Current ratio $=$ Total current assets $+$ Total current liabilities

Now, compute the ratio for both companies for both years. $($Round your answers to two decimal places, X$.$XX$.)$

$\backslash$table$[[$Ratio$,$Year,RC$,$FLV$],[$Current$,2025,3\mathrm{.}01,2\mathrm{.}19],[$Current$,2024,3\mathrm{.}28,2\mathrm{.}18]]$

b$.$ Cash ratio

Begin by selecting the correct formula.

Cash ratio Cash $+$ Cash equivalents