Gildan Activewear Inc. is a leading manufacturer and marketer of family apparel, including T-shirts, fleece, sport shirts, socks, and shapewear. Its brands include American Apparel and Gold Toe. The following data (in thousands of U.S. dollars) were taken from Gildan's financial statements: December 31, 2017 January 1, 2017 January 3, 2016 Cash and cash equivalents $52,795 $38,197 $50,675 Trade accounts receivable 243,365 277,733 306,132 Inventories 945,738 954,876 851,033 Income tax receivable 3,891 Prepaid expenses, deposits and other current assets 62,092 69,719 45,774 Current assets 1,307,881 1,340,525 1,253,614 Current liabilities 258,476 235,928 233,221 Calculate the working capital, current ratio, and acid-test ratio for each year. (Round current ratio and acid-test ratio answers to 2 decimal places, e.g. 1.75:1.) December 31, 2017 January 1, 2017 January 3, 2016 Working Capital $ $ $ : Current Ratio 1 1 : : Acid-test ratio 1 1 1 Comment on Gildan's liquidity on December 31, 2017, compared with the two previous years. Gildan's liquidity from prior years. declined improved