Valley Gorge Corporation reported the following current accounts at December 31, 2016 amounts in thousands): (Click the icon to view the accounts.) During January 2017, Valley Gorge completed these selected transactions: i (Click the icon to view the completed transactions.) Requirement Compute Valley Gorge's net working capital and current ratio at December 31, 2016, and again at January 31, 2017. Did the networking capital and current ratio improve or deteriorate during January 2017? Comment on the level of the company's net working capital and current ratio. Begin with the December 31, 2016 net working capital. First select the formula labels and then calculate the net working capital. J = Net working capital Data Table - X Now complete the December 31, 2016 current ratio. First select the formula labels and then calculate the current ratio. (Round your answers for the ratios to two decimal places.) X 1 More Info = Current ratio Now find the working capital and current ratio on January 31, 2017 The January 31, 2017 net working capital is $ . Cash ................... Receivables......... Inventory Prepaid expenses........... Accounts payable Uneamed revenue Accrued expenses payable 1,600 5,300 2,400 1,600 3,000 1,200 1,300 Sold services on account, $9,300 Depreciation expense, $100 Paid for expenses, $7,400 Collected from customers on account, $7,800 Accrued expenses, $200 Paid an account, $1,500 Used up prepaid expenses, $1,000 The January 31, 2017 current ratio is O . Did the networking capital and current ratio improve or deteriorate during January 2017? Comment on the level of the company's networking capital and current ratio The net working capital and current ratio during January 2017. The company's ability to pay current liabilities with current assets is v Print Done Print Done