Succeed's Companies, a home improvement store chain, reported the following summarized figures:

$($Click the icon to view the income statement.$)$

Succeed's has $30,000$ common shares outstanding during $2024.$

Requirements

Compute Succeed's Companies' current ratio at May $31,2024$ and $2023.$

Did Succeed's Companies' current ratio improve, deteriorate, or hold steady

during $2024?$

Income Statement

CashShort$-$term InvestmentsAccounts ReceivableMerchandise InventoryOther Current AssetsTotal Current AssetsAll Other AssetsTotal AssetsAssetsS$$20242,100$ $$26,0007,4007,2007,00049,70028,00077,700$ $Succeed's CompaniesBalance SheetMay $31,2024$ and $202320231,800$Total Current Liabilities$10,000$Long$-$term Liabilities$5,400$Total Liabilities$7,5002,40027,100$Retained Earnings$26,000$Common Stock$53,100$Total EquityLiabilities$$2024$Total Liabilities and Equity $$22,000$ S$12,80034,800$Stockholders' Equity$9,00033,90042,90077,700$ $$202313,00010,30023,3009,00020,80029,80053,100$