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 BSB (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) Data Table Current assets Current liabilities Current ratio B 2020 1 2020 2019 2019 2 Cash $ 59 500 S 49.500 $ 3 Short-term investments o 28,500 $ 4 Net receivables $ 137,150 $ 127 300 5 Inventory $ 250 800 $ 284.960 6 Total assets $ 486 000 555,000 $ $ 285 000 $ 208.000 7 Total current liabilities 8 Long-term notes payable $ 48,000 $ 30, 140 $ 9 Income from operations 169 260 164,350 $ 10 Interest expense $ 47,500 5 42.000 - Requirements a. Current ratio b. Acid-test ratio c. Debt ratio d. Times-interest-earned ratio Data Table , 1 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 S 555,000 $ 486,000 7 Total current liabilities S 285,000 $ 208,000 8 Long-term notes payable $ 48,000 $ 30,140 9 Income from operations S 164.350 $ 169 260 10 Interest expense S 47 500 $ 42,000