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 2018. 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 2018 and 2017. Begin by selecting the formula to compute the current ratio. Current ratio = Total current assets + Total current liabilities Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) Current ratio 2018 2017 1.63 1.95 b. Compute the cash ratios for 2018 and 2017. Begin by selecting the formula to compute the cash ratio. Cash ratio = (Cash + Cash equivalents) + Total current liabilities Now, compute the cash ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) Cash ratio 2018 2017 Requirements Compute the following ratios for 2018 and 2017, 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 Data table 2018 2017 Cash S 52,000 $ 43,000 Short-term Investments Net Accounts Receivables 33,000 0 122,000 128,000 Merchandise Inventory Total Assets 257,000 282,000 525,000 460,000 Total Current Liabilities Long-term Note Payable Income from Operations Interest Expense 285,000 232,000 48,000 48,000 185,000 168,000 40,000 31,000 Print Done