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The following selected information in thousands) was taken from Fruition Collections Ltd.'s December 31 statement of financial position: 2018 2017 Current assets Cash Accounts receivable

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The following selected information in thousands) was taken from Fruition Collections Ltd.'s December 31 statement of financial position: 2018 2017 Current assets Cash Accounts receivable Inventories Other current assets $1,093 2,190 $1,401 1,568 1,037 189 1,217 333 $4,833 Total current assets $4,195 Total current liabilities $2,973 $3,097 Calculate the current ratio for each of the two years. (Round ratios to 1 decimal place, e.g. 5.2.) 2018 2017 Current ratio : 1 Based only on the above information, would you say that the company's liquidity is strong or weak? LINK TO TEXT Suppose that Fruition Collections used $1,000,000 of its cash to pay off $1,000,000 of its accounts payable. Would this transaction change the current ratio

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