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Smith and Sons, Inc. Balance Sheet (in millions) 2016 2015 Assets Current assets Cash and cash equivalents 100 300 Accounts receivable 900 800 Inventory 400 550 Other current assets 400 250 Total current assets 1.800 1.900 Property, plant & equipment. net 2,700 2.600 Other assets 5.700 5.900 Total Assets 10.200 10,400 Liabilities and Stockholders' Equity Current liabilities 2,900 2,800 Long-term liabilities 5,000 5,400 Total liabilities 7,900 8.200 Stockholders' equity.common 2.300 2,200 Total Liabilities and Stockholders' Equity 10,200 10,400 Calculate the current ratio for Smith & Sons, Inc., for 2015 and 2016. Round answers to two decimal places. 2015 0 2016 0 Did the company's ability to pay its current liabilities improve over the two years? OThe decrease in ratio indicates that Smith & Son's ability to pay its current liabilities improved. OThe increase in ratio indicates that Smith & Son's ability to pay its current liabilities declined. OThe decrease in ratio indicates that Smith & Son's ability to pay its current liabilities declined. OThe increase in ratio indicates that Smith & Son's ability to pay its current liabilities improved, Prepare the sig entries for Were December 31, 2011 D. Acume that the acting entries were made December ton, and that he disting entries were made dur 2012. repare the 2012 journal entries to record payment of the notes that were standing a December 2011 Prepare the res for interest at December 31, 2017 Hound answers to nearestar se days for calculations when aplicabile General jumal Cred DI 10 tonnote ta odnote feb 23 Notes . ins Torrent of Dec To recontesto Dec To so interest