Large Land Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2024. To answer this question, you gather the following data: (Click the icon to view the data.) Read the requirements . - X -X Requirements a. Compute the current ratios for 2024 and 2023. Data table Begin by selecting the formula to compute the current ratio. Current ratio = 2024 2023 Cash S 60,000 $ 51,000 Compute the following ratios for 2024 and 2023, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio Short-term Investments 28,000 0 Net Accounts Receivables 146,000 128.000 Merchandise Inventory 277.000 237,000 510,000 Total Assets 505.000 295.000 182,000 Print Done 36,000 Total Current Liabilities Long-term Notes Payable Income from Operations Interest Expense 64,000 163,000 180,000 50,000 43,000 Print Done