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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 2016.

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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 2016. To answer this question, you gather the following data: (Click the icon to vie 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 ratio i Data Table 20162015 Cash S 60.000 $ 57,000 30,000 Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets Total Current Liabilities Long-term Note Payable Income from Operations Interest Expense 146,000 134,000 207,000 267,000 510,000 535,000 288,000212,000 0,000 56,000 185,000 153,000 50,00041,000

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