The balance sheet at December 31, 2018, 2019, and 2020, and income statement for the years ended December 31, 2018, 2019, and 2020, for Cheyenne Inc. include the following data: (Click icon to view the balance sheet.) (Click icon to view the income statement.) Requirements Use the years of data to answer the following: 1. Calculate the current ratio for 2018, 2019, and 2020. 2. Calculate the debt ratio for 2018, 2019, and 2020. 3. Evaluate each ratio and determine if the ratio has improved or deteriorated over the three years. Explain what the changes mean. Requirements 1 & 2. Calculate the current ratio and the debt ratio for 2018, 2019, and 2020. (Use a calculator that allows you six decimals. Round all ratios to three decimals.) 2020 2018 2019 1. Current ratio 2. Debt ratio Requirement 3. Evaluate each ratio and determine if the ratio has improved or deteriorated over the three years. Explain what the changes mean. The current ratio has over the 3 years (some deterioration in 2019 was reversed in 2020). This means that Cheyenne Inc. had Complete the sentences below. (Round the percent to the nearest whole number.) The debt ratio has cash to pay its accounts payable and salaries payable every year. In 2020, the current ratio is and indicates that Cheyenne can pay its debts. over the 3 years. In 2018, Cheyenne financed 100% of its assets with debt, at December 31, 2020, only % of the assets were financed. The debt ratio at December 31, 2020 is depending on the industry.