Please provide the correct answers with work.

Complete this question by entering your answers in the tabs below. Requirement General Journal General Ledger Trial Balance Balance Sheet Current Ratio Calculate the Current Ratio and analyze the impact of the current ratio. Calculate Shake Shack Incorporated's current ratio at September 26, 2019, prior to the transactions listed above. (Round your answer to 2 decimal places.) Current Ratio 2.29 X Calculate Shake Shack Incorporated's current ratio after transactions listed in (a)-e). (Round your answer to 2 decimal places.) Current ratio after transactions (a)-(e) 3.03 Based on the current ratios calculated above, indicate whether the above transactions increased or decreased the company's ability to pay current liabilities. Increased Decreased Shake Shack Incorporated, which began as a hot dog stand in 2001, now has more than 200 locations worldwide. The following is adapted from Shake Shack's financial statements for the quarter ended September 26, 2019. Dollars are reported in millions. Accounts Payable Accounts Receivable Cash Common Stock Equipment Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Short-Term Investments $38 14 29 255 544 267 2 519 40 6 46 36 Required: Assume that the following events occurred in the following quarter, which ended September 30, 2019. a. Paid $10 cash for additional intangible assets. b. Issued additional shares of common stock for $50 in cash. c. Purchased equipment; paid $30 in cash and signed additional long-term loans for $70. d. Paid $9 cash for accounts payable owed at September 26. e. Conducted negotiations to purchase a farm, which is expected to cost $15