Glamor Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017. To answer that question, compute these ratios for 2017 and 2016, using the following data: B (Click the icon to view the financial information.) Read the requirements. a. Current ratio Enter the formula on the first line, then calculate the ratio for each year. (Round your answers to two decimal places.) Current ratio 2017 2016 = 2017 2016 Cash $ 60,500 $ 49,500 Short-term investments $ 26,500 $ 0 $ 127,300 Net receivables Inventory 115,500 $ 226,800 $ $ 284,960 Total assets $ 558,000 $ 486,000 Total current liabilities $ 270,000 $ 31,320 $ 208,000 30,140 $ Long-term notes payable Income from operations $ 171,000 $ 169,260 Interest expense $ 50,000 $ 42,000 a. Current ratio b. Acid-test ratio c. Debt ratio d. Times-interest-earned ratio