Current Ratio Baldwin Corp. reported the following current accounts at the end of two recent years: December 31, 2016 December 31, 2017 $7,700 $3,850 Cash 10,000 15,000 Accounts receivable 8,000 12,000 Inventory 7,000 12,000 Accounts payable 2,000 1,000 Wages payable 4,000 6,000 Notes payable Required: 1. The current ratio for December 31, 2017 and for December 31, 2016, respectively are: increasing by at the end of 2017 compared to the end of 2016 due to 2. Baldwin's liquidity has in current liabilities. the cash 3. The change in composition of the company's current assets at the end of 2017 compared to the end of 2016 reflects accounts receivable and inventory. and