Stockholders' Equity Common Stock 17,000 35,800 Retained Earnings Total Stockholders' Equity 52,800 Total Liabilities and Stockholders' Equity 67,000 Requirement 2. Compute O'Donovan's current ratio at August 31, 2018. One year ago, the current ratio was 1.49. Indicate whether O'Donovan's ability to pay current debts has improved, deteriorated, or remained the same. Select the labels then enter the amounts and compute the current ratio. (Round your answer to two decimal places.) = Current ratio Stockholders' Equity Common Stock 17,000 35,800 Retained Earnings Total Stockholders' Equity 52,800 Total Liabilities and Stockholders' Equity 67,000 Requirement 2. Compute O'Donovan's current ratio at August 31, 2018. One year ago, the current ratio was 1.49. Indicate whether O'Donovan's ability to pay current debts has improved, deteriorated, or remained the same. Select the labels then enter the amounts and compute the current ratio. (Round your answer to two decimal places.) = Current ratio