The following is summary of information presented on the financial statements of a company on December 31, 2017. Account Current Assets Accounts Reaeivable Merchandioe Inventory Current Liabiities Long-term Liabilities Common Stock Retained Eamings 2017 2016 $68,000 $51,000 78,000 45,000 77,00053000 51,000 1,00042000 28,000 83,000 52,000 34,000 41,000 $526,000$504,000 Net Sales Revenue Cost of Goods Sold Gross Profit 400 126,000$106,000 Ex Net Income Before Income Tax Expense Income Tax Expense Net Income $76,000$55,000 30,000 $16,900 With respect to current liabilities, a horizontal analysis reveals(Round your answer to O a current ratio of 0.88 two decimal places.) a 31.17% increase in current liabilities a 45.28% increase in current liabilities that current liabilities are 37.93% of total equity