Big Bold Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2016 To answer this question, you gather the following data: Click the icon to view the data.) Compute the following ratios for 2016 and 2015, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio b. Cash ratio c. Acid-test ratio d. Debt ratio Debt to equity ratio e. a. Compute the current ratios for 2016 and 2015. Begin by selecting the formula to compute the current ratio Current ratioTotal current assets/Total current liabilities Now, compute the current ratios for 2016 and 2015. (Round your answers to two decimal places, X.Xx.) 2016: 2015: i Data Table 2016 2015 $60,000 $ 57,000 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets Total Current Liabilities Long-term Note Payable Income from Operations Interest Expense 32,000 140,000 124,000 237,000 262,000 555,000 505,000 295,000 222,000 48,000 180,000 163,000 31,000 40,000 50,000