https://ezt.prod.mheducation.com/Media/Connect_Production/bne/accounting/spiceland_fin6e/spiceland_fin6e_app_a.pdf

Financial information for American Eagle is presented in Appendix A at the end of the book. Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or worsen in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If American Eagle used $100 million in cash to pay $100 million in accounts payable, how would its current ratio and acid-test ratic change? Complete this question by entering your answers in the tabs below. Calculate the current ratio for the past two years. (Round your answers to 2 decimal places.) Financial information for American Eagle is presented in Appendix A at the end of the book. Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or worsen in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If American Eagle used $100 million in cash to pay $100 million in accounts payable, how would its current ratio and acid-test ratic change? Complete this question by entering your answers in the tabs below. Calculate the current ratio for the past two years. (Round your answers to 2 decimal places.)