Evans Sports Company reported the following in recent balance sheets (amounts in millions). (in millions) Assets Current Assets Cash Accounts Receivable Inventory Prepaid Rent Total Current Assets Software Equipment 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 June 30, December 2019 31, 2018 $ 328 776 $ 430 432 943 561 52 40 2,099 259 1,463 164 882 539 $ 3,240 $ 2,166 $ 514 $ 474 0 2 49 5 563 481 115 83 678 564 108 40 2,454 1,562 Total Shareholders' Equity 2,562 1,602 Total Liabilities and Shareholders' Equity $ 3,240 $ 2,166 Required: Stockholders' Equity Common Stock Retained Earnings 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 down $10 (million) of its 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, 2019? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3A Req 3B Req 2A Req 4 Calculate the current ratio at June 30, 2019, and December 31, 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Current Ratio Numerator Denominator June 30, 2019 December 31, 2018 Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3A Req 3B Req 4 What would Evans Sports current ratio have been on June 30, 2019, if the company were to have paid down $10 (million) of its Accounts Payable? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator Denominator Current Ratio