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. a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Current ratio = H Data Table Cash 2024 $ 2023 60,000 $ 55,000 Short-term Investments 32,000 0 Net Accounts Receivables 128,000 134,000 Merchandise Inventory 277,000 267,000 Total Assets 585,000 550,000 Total Current Liabilities 315,000 182,000 Long-term Notes Payable 46,000 52,000 Income from Operations 180,000 183,000 Interest Expense 40,000 31,000 Print Done Requirements 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 b. Cash ratio c. Acid-test ratio d. Debt ratio e. Debt to equity ratio Print Done