Large Limb Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during $2025.$ To answer this question, you gather the following data:

View the data.

Read the requirements.

a$.$ Compute the current ratios for $2025$ and $2024.$

Begin by selecting the formula to compute the current ratio.

Current ratio $=$

Requirements

Compute the following ratios for $2025$ and $2024,$ 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

Data