December 31, 2017 December 31, 2016 Accounts payable Accounts receivable Cash Cleaning supplies $8,400 $5,200 27,830 35,770 28,600 19,450 450 700 Interest payable 0 1,200 Inventory 24,600 26,200 Marketable securities 6,250 5,020 Note payable, due in six months 0 12,000 Prepaid rent 3,600 4,800 Taxes payable 1,450 1,230 < Wages payable 1,200 1,600 Required: 1. Calculate the following as of December 31, 2017, and December 31, 2016. Round current ratio to two decimal places. Ratio a. Working capital b. Current ratio December 31, 2017 to 1 December 31, 2016 to 1 2. On the basis of your answers to (1), comment on the company's relative liquidity at the beginning and end of the year.