Evans Sports Company reported the following in recent balance sheets (amounts in millions). June 38, December (in millions) Assets Current Assets Cash Accounts Receivable: Inventory Prepaid Rent Total Current Assets Software Equipment 2019 31, 2018 $492 $ 520 1,244 522 1,514 678 84 49 3,334 1,769 499 200 1,701 656 Total Assets Liabilities and Shareholders' Equity Liabilities Current Liabilities Accounts Payable Notes Payable (short-term) Income Tax Payable Total Current Liabilities Notes Payable (long-term) Total Liabilities Stockholders' Equity Common Stock $ 5,534 $2,625 $ 877 $ 659 0 2 83 5 960 666 195 116 1,155 782 184. 58 Retained Earnings 4,195 1,785 Total Shareholders' Equity 4,379 1,843 Total Liabilities and Shareholders' Equity $5,534 $2,625 Required: 1. Calculate the current ratio at June 30, 2019, and December 31, 2018. 2-a. Did the company's current ratio increase or decrease? 2-b. What does this imply about the company's ability to pay its current liabilities as they come due? 3-a. What would Evans Sports current ratio have been on June 30, 2019, if the company were to have paid Accounts Payable? 3-b. Does paying down Accounts Payable in this case Increase or decrease the current ratio? 4. Are the company's total assets financed primarily by liabilities or stockholders' equity at June 30, 2015 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Req 3A Req 38 Req 4 Calculate the current ratio at June 30, 2019, and December 31, 2018. (Enter your answers in millions (ie., 10,0 be entered as 10).) Current Ratio Numerator Denominator June 30, 2019 December 31, 2018 Reg 1 Req 2A > Pre