Describe how the current ratio is used to analyze financial results?What are the components of the ratio and how is the ratio calculated?Whatdoestheratioindicateregardingacompany'sfinancialposition?CurrentassetsandcurrentliabilitiesfortheFortsonCompanyare:

• Current assets: 2013$262,500; 2014$310,500.
• Current liabilities: 2013$150,000; 2014$172,500.
• Determine the current ratio for 2013 and 2014. Does the change in the current ratio from 2013 to 2014 indicate a favorable or unfavorable trend?