Low's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Low's has 80,000 common shares outstanding during 2018 Read the requirements. Requirement 1. Compute Low's Companies' current ratio at May 31, 2018 and 2017. Begin by selecting the formula to calculate Low's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2018 and then 2017. (Round your answers to two decimal places, X.XX.) / Current ratio 2018 1 2017 1 Requirement 2. Did Low's Companies' current ratio improve, deteriorate, or hold steady during 2018? Low's Companies' current ratio Low's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 $ 38,800 25,500 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses 46,500 $ 20,600 500 6,200 140 7,800 $ 19,200 $ 5,360 Net Income Low's Companies Balance Sheet May 31, 2018 and 2017 Assets 2018 Liabilities 2018 2017 2017 Cash 13,100 12,500 2,200 $ 29,000 7,300 7,100 7,000 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets 25,600 1,200 Total Current Liabilities $ 21,000 $ 14,000 Long-term Liabilities 13,400 5,700 Total Liabilities 34,400 5,900 Stockholders' Equity 2,100 Common Stock 10,000 28,900 Retained Earnings 42,200 26,000 Total Equity 52,200 54,900 Total Liabilities and Equity 86,600 $ 10,000 19,300 52,600 34,000 29,300 $ 86,600 $ 54,900 Total Assets