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Maple Leaf Foods Inc, is a packaged meat producer. It reports biological assets on its balance sheet that consist of hogs and poultry livestock. These

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Maple Leaf Foods Inc, is a packaged meat producer. It reports biological assets on its balance sheet that consist of hogs and poultry livestock. These are considered current assets somewhat similar to inventory. The company reports the following current assets and current liabilities at December 31,2017 (in thousands): Hint: Notes receivable are current assets that should be included in the acid-test ratio. Prepare the current liabilities section of the balance sheet. The provisions are due within 12 months of the balance sheet date. (Enter amounts in thousands.) Calculate the current and acid-test ratios, (Round answers to 2 decimal places, e.g. 1.75:1). Current ratio 1 Acid-test ratio :1 eTextbook and Media At December 31, 2016, Maple Leaf Foods Inc, had total current assets of $972.228 thousand, which included cash of $403,621 thousand, receivables of $127,749 thousand, and notes receivable of $32.485. Current liabilities were $375,247 thousand. Did the current and acid-test ratios improve or weaken in 2017 ? Both the current and acid-test ratios during 2017

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