The current ratio is a measure of

Question 11 Shannon Co reported the following ratios for the most recent two year period: Acid Test Current Ratio Gross Profit Profit Margin Inventory Turnover 78 Days' Sales Uncollected 2016 2015 1.05.75 2.13 1.95 45% | 50% 4% 5% 9.0 48 In regards to profitability, Shannon's position O Improved O was unchanged O Deteriorated O Cannot be determined with the given ratios Moving to another question will save this response