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Tip Top Computer Corp, a technology support company providing security for small businesses, reported these summarized figures (in millions) Click the icon to view the

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Tip Top Computer Corp, a technology support company providing security for small businesses, reported these summarized figures (in millions) Click the icon to view the income statement.) Click the icon to view the balance sheet.) 1. Compute the company's current ratio and acid test ratio at December 31, 2020 and 2019 2. Did Tip Top Computer Corp's ratio values improve, deteriorate, or hold steady during 2020? 1. Compute the company's current ratio and acid-test ratio at December|31, 2020 and 2019. (Round the ratios to two decimal places, X.XX.) The current ratio is for 2020 and for 2019. The acid-test ratio is for 2020 and for 2019 2. Did Tip Top Computer Corp's ratio values improve, deteriorate, or hold steady during 2020? Tip Top's current ratio during 2020 and Tip Top's acid-test ratio during 2020 rity for small businesses, reported these summarized figures (in millions): * Income statement ber 31, 2020 nold steady Tip Top Computer Corp. ber 31, 2020 Income Statement For the Year Ended December 31, 2020 $ 63.5 Net sales Cost of goods sold 42.4 hold steady Interest expense 0.9 test ratio 15.0 All other expenses 5.2 Net income Print Done 21'CP C 9 3 of 26 (2 complete) - X Balance sheet VI

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