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Alm's Companies, a home improvement store chain reported the following summarized figures: BH (Click the icon to view the income statement) Click the icon to view the balance sheets) Aim's has 400,000 common shares outstanding during 2016 Requirements 1. Compute Aim's Companies' current ratio at May 31, 2016 and 2015 2. Did Aim's Companies' current ratio improve, deteriorate, or hold steady during 2016? Requirement 1. Compute Aim's Companies' current ratio at May 31, 2016 and 2015 Begin by selecting the formula to calculate Aim's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2016 and then 2015 (Round your answers to two decimal places, X.XX.) = Current ratio Data Table mprovem he incom shares o Aim's Companies Income Statement Years Ended May 31, 2016 and 2015 2016 es' currer rent ratio 2015 im's Con $ Net Sales Cost of Goods Sold Interest Expense la to cald es, XXX 42,100,000 $ 39,800,000 23,300,000 23,700,000 500.000 460,000 5,800,000 8,200,000 12,500,000 $ 7,440,000 All Other Expenses Net Income $ Print Done list and then click Check Answer Assets 2016 2015 Cash 13,100,000 12,800.000 2,000,000 $ 27.000.000 7,100,000 7.300.000 6.000.000 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets May 31, 2016 and 2015 Liabilities 2015 2016 1,300,000 Total Current Liabilities 29,000,000 5 12,000,000 Long-term Liabilities 13.100.000 5,700,000 Total Liabilities 42.100,000 5.900.000 Stockholders' Equity 8,000,000 30 300.000 27 200 000 Retained Earnings 38 300.000 54.200.000 $ 80,400,000 $ Total Liabilities and Equity 25,900,000 2.300.000 Common Stock 8,000,000 20,300,000 49.400.000 31.000.000 80.400,000 $ 27.000.000 Total Equity 28 300,000 54,200,000 S otal Assets