Describe how the current ratio is used to analyze financial results?What are the components of the ratio and how is the ratio calculated?What does the ratio indicate regarding a company's financial position?Current assets and current liabilities for the Fortson Company are:        

• 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?