%E17-19 (similar to) Question Help Big Time Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total abilities improved or deteriorated during 2018. To answer this question you gather the following data: (Click the icon to view the data) Read the requirements Data Table a. Compute the current ratios for 2018 and 2017 Begin by selecting the formula to compute the current ratio. Current ratio = Total current assets/Total current liabilities $ Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018 2017: Cash Short-term investments Net Accounts Receivables Merchandise Inventory Total Assets Total Current Labs Long term Note Payable Income from Operations 2018 2017 55,000 $ 53,000 25,000 134,000 134,000 3 277.000 505.000 92.000 SO DE 180.000 183.000 50 000 3 000 5 Enter any number in the edit fields and then click Check Answer 9 remaining parts Clear All Print Done and total liabilit has asked ng data: view the da i Data Table is. 2018 2017 ent ratios for Cash $ 53,000 me formula to Short-term Investments Net Accounts Receivables Total current Merchandise Inventory urrent ratios Total Assets Total Current Liabilities Long-term Note Payable Income from Operations Interest Expense 56,000 $ 26,000 134,000 257,000 510,000 275,000 36,000 160,000 50,000 134,000 277,000 505,000 192,000 60,000 183,000 43,000 in the edit fie Print Done Requirements Compute the following ratios for 2018 and 2017, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio itie aya Tatid Print Done