Big Brass Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2024. To answer this question, you gather the following data: E (Click the icon to view the data.) Read the requirements. a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio = Total current assets + Total current liabilities Now, compute the current ratios for 2024 and 2023. (Round your answers to two decimal places, X.XX.) Current ratio 2024 2023 Requirements Compute the following ratios for 2024 and 2023, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio ( Print Done Data table 2024 2023 $ $ Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets Total Current Liabilities Long-term Notes Payable Income from Operations Interest Expense 60,000 $ 57,000 31,000 0 122,000 120,000 257,000 277,000 555,000 520,000 295,000 232,000 44,000 60,000 160,000 168,000 46,000 35,000 ( Print Done