Underwood Boutique reported the following financial data for 2017 and 2016.

Exercise 10-18 Underwood Boutique reported the following financial data for 2017 and 2016. 2016 UNDERWOOD BOUTIQUE Balance Sheet (partial) September 30 (in thousands) 2017 Current assets Cash and short-term deposits $2,585 Accounts receivable Inventories Other current assets Total current assets $10,040 Current liabilities $5,600 4,210 2,895 s1,030 3,195 2,510 350 320 $7,055 $4,170 x Your answer is incorrect. Try again. Calculate the current ratio for Underwood Boutique for 2017 and 2016. (Round answers to 2 decimal places, c.g. 1.25:1) 2017 2016 Current ratio 1.39 LINK TO TEXT x Your answer is incorrect. Try again. Suppose that at the end of 2017, Underwood Boutique used $3.0 million cash to pay off $3.0 million of accounts payable. How would its current ratio change? (Round answer to 2 decimal places, e.g. 1.25:1) Current ratio Current ratio O