September December 30, 2016 31, 2015 $ 370 NO 372 590 oooo 474 328 135 $ 1,922 $1,846 (in millions) Assets Current Assets Cash Accounts Receivable Inventory Prepaid Rent Total Current Assets Software Equipment Total Assets Liabilities and Shareholders' Equity Liabilities Current Liabilities Accounts Payable Notes Payable (short-term) Income Tax Payable Total Current Liabilities Notes Payable (long-term) Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 304 $ 359 29 1.457 1,521 $1,922 30 1,386 1,416 $1,846 Check my work 1. Calculate the current ratio at September 30, 2016 and December 31, 2015 2-a. Did the company's current ratio increase or decrease? 2-b. What does this imply about the company's ability to pay its current liabilities as they come due? 3-a.What would Columbia's current ratio have been on September 30, 2016, if the company were to have paid down $10 (million) of its Accounts Payable? 3-b.Does paying down Accounts Payable in this case increase or decrease the current ratio? 4. Are the company's total assets financed primarily by liabilities or stockholders' equity at September 30, 2016? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 2B Req 3A Reg 3B Reg 4 Calculate the current ratio at September 30, 2016 and December 31, 2015. (Enter your answers in millions (i.c., 10,000,000 should be entered as 10).) Current Ratio September 30, 2016 December 31, 2015 Numerator Denominator Check my work 4. Are the company's total assets financed primarily by liabilities or stockholders' equity at September 30, 2016? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Req 2B Req Reg 3B Reg 4 What would Columbia's current ratio have been on September 30, 2016, if the company were to have paid down $10 million) of its Accounts Payable? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Current Ratio Numerator Denominator Req 26 Req3B >