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The adjusted trial balance of Penny O'Hara Dance Studio Company follows. (Click the icon to view the adjusted trial balance.) Read the requirements Balance Sheet August 31, 2024 Assets Liabilities Stockholders' Equity Requirement 2. Compute O'Hara's current ratio at August 31, 2024 One year ago, the current ratio was 1.80. Indicate whether Less 169 Stockholders' Equity Requirement 2. Compute Ohana's cument rato at August 31, 2024 One year ago, the cament to was 1.30 ndicate whether OHara's abiley to pay coment debis bas improved, deteriorated, or remaned the sane Select the labels then enter the amounts and compute the cuentrano Oloond your answer to po CORM/ Since the curent ratio was 180 one year ago, the company's abdly to pay es cuest desha CCCCB Requirements 1. Prepare the classified balance sheet of Penny O'Hara Dance Studio Company at August 31, 2024. Use the report form. You must compute the ending balance of Retained Earnings. 2. Compute O'Hara's current ratio at August 31, 2024. One year ago, the current ratio was 1.80. Indicate whether O'Hara's ability to pay current debts has improved, deteriorated, or remained the same. Print Done ugust 31, 2024. One year ago, the current ratio was 1.80. Indicate whether O'Hara's ability to pay current debts has improved, dete te the current ratio. (Round your answer to two decimal places.) Current ratin L X Follow BL 2024. One ent ratio ( ability to p Data table Penny O'Hara Dance Studio Company Trial Balance August 31, 2024 Account Title Cash Office Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense Total Print Done Balance Debit 15,800 2.900 1.300 54,000 1,000 3,400 1,500 200 200 1,400 81,700 S S Credit 5,600 4,500 600 4,200 6,000 17,500 25,200 18.100 81,700