Using the balance sheet data below, the current ratio in 2017 was 0.90. 2017 S S S Assets Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets Total Assets S s 341,000 S 722.000 S 595.000 $ 1,658,000 $ 1.822,000 $ 3,480,000 $ 2016 276,000 642.000 512.000 1,430,000 1.691.000 3,121,000 S s s Liabilities & Equity Accounts Payable Operating Accruals Short-Term Debt (N/P) Total Current Liabilities Long-Term Debt Total Liabilities Total Stockholders' Equity Total Liabilities & Equity 2017 332.000 S 343,000 $ 503.000 $ 1,178,000 $ 637,000 $ 1,815,000 $ 1.665,000 $ 3,480,000 $ 2016 288,000 335,000 491.000 1,114,000 478,000 1,592,000 1,529,000 3,121,000 s s s $ S S True False