Exercise $13-7($Algo$)$ Analyzing liquidity LO P$3$

$(1-$a$)$ Compute the current ratio for each of the three years.

$(1-$b$)$ Did the current ratio improve or worsen over the three$-$year period?

$(2-$a$)$ Compute the acid$-$test ratio for each of the three years.

$(2-$b$)$ Did the acid$-$test ratio improve or worsen over the three$-$year period?

Complete this question by entering your answers in the tabs below.

Required $1A$

Required $1B$

Required $2$A

Required $2$B

Compute the current ratio for each of the three years.

$\backslash$table$[[$Numerator:$,$Current Ratio,Denominator:,$=,$Current Ratio$],[,,1,,=,$Current ratio$],[$Current Year:,,$1,,=,$to $1],[1$ Year Ago:,,$1,,=,$to $1],[2$ Years Ago:,,$1,,=,$to $1]]$