Mckay Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2020 To answer that question compute these ratios for 2020 and 2019, using the following data B Click the icon to view the financial information) Read the requirements a. Current ratio Enter the formula on the first line, then calculate the ratio for each year. (Round your answers to two decimal places) Current ratio 2020 2019 Requirements a. Current ratio b. Acid-test ratio c. Debt ratio d. Times-interest-earned ratio Data Table A B C 1 1 2020 2019/ 2 Cash $ 59 500 $ 49,500 3 Short-term investments $ 28,500 $ 0 4 Net receivables $ 137.150 $ 127 300 5 Inventory 250.800 $ 284,960 $ $ 6 Total assets 555,000 $ 486,000 7 Total current liabilities $ 285,000 $ 208,000 8 Long-term notes payable $ 48,000 $ 30,140 9 Income from operations 164,350 $ 169,260 $ $ 10 Interest expense 47,500 $ 42.000