The following is summary of information presented on the financial statements of a company on December 31, 2017. 2016 Account Current Assets Accounts Receivable Merchandise Inventory 2017 $68,000 $51,000 78,000 45,000 53,000 34000 51,000 42000 28,000 83000 52,000 77,000 Current Liabiities Long -term Liabilites 51,000 41,000 Common Stock Retained Eamings $526,000$504,000 Net Sales Revenue Cost of Goode Sold Gross Profit Selling Ex Net Income Before Income Tax Expense Income Tax Expenee Net Income 126,000 $106,000 100 $76,000$55,000 0000 $16.900 With respect to current liabilities, a horizontal analysis reveals(Round your answer to two decimal places.) o a current ratio of 0.88 @ a 31.17% increase in current liabilities a 45.28% increase in current liabilities that current liabilities are 37.93% of total equity