pls can anyone help me with this i will rate it, check carefully

Hajjar' a home-improvement store chain, reported these summarized figures:

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(Click the icon to view the balance sheets.)a. Compute Hajjarcurrent ratio at December 31, 2017, and 2016.

b. Did Hajjar's current ratio improve, deteriorate, or hold steady during 2017?

a. Compute Hajjar's current ratio at December 31, 2017 and 2016.

(Round your answers to two decimal places.)

First enter the formula, then compute the current ratio for each year.

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Current ratio

2017

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=

2016

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b. Did

HajjarHajjar's

current ratio improve, deteriorate, or hold steady during

20172017?

HajjarHajjar's

current ratio

.

Hajjar's
Income Statement
For The Year Ended December 31, 2017
		2017
Sales revenues		$38,325,000
Less:	Cost of goods sold	21,770,000
Gross profit		$16,555,000
Less:	Operating expenses	5,089,750
Operating income		$11,465,250
Less:	Interest expense	217,400
Income before income taxes		$11,247,850
Less:	Income tax expense	1,970,500
Net income		$9,277,3

Hajjar's
Balance Sheets
December 31, 2017 and 2016
	2017	2016
Assets
Current assets:
Cash	$1,210,000	$801,000
Short-term investments	200,000	263,000
Accounts receivable	100,700	294,200
Inventory	4,610,000	4,180,000
Other current assets	501,000	402,500
Total current assets	$6,621,700	$5,940,700
Other noncurrent assets	12,900,000	11,670,000
Total assets	$19,521,700	$17,610,700
Liabilities
Current liabilities:

Liabilities
Current liabilities:
Accounts payable	$3,000,000	$2,985,000
Notes payable	915,000	670,000
Accrued liabilities	565,000	35,000
Total current liabilities	$4,480,000	$3,690,000
Long-term liabilities	4,296,000	4,214,000
Total liabilities	$8,776,000	$7,904,000
Stockholders' equity
Common stock, no par	$2,509,000	$2,000,000
Retained earnings	8,236,700	7,706,700
Total stockholders' equity	$10,745,700	$9,706,700
Total liabilities and equity	$19,521,700	$17,610,700

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