W E15-19 (similar to) Question Help Big Time Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2018. To answer this question, you gather the following data: (Click the icon to view the data.) Read the requirements. a. Compute the current ratios for 2018 and 2017. Begin by selecting the formula to compute the current ratio. Current ratio = Total current assets/Total current liabilities i Requirements Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 1.54 2.31 2017: Compute the following ratios for 2018 and 2017, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio b. Compute the cash ratios for 2018 and 2017 Begin by selecting the formula to compute the cash ratlo. Cash ratio (Cash + Cash equivalents) / Total current liabilities Print Now, compute the cash ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) Done 2018: L 2017: Data Table 2018 2017 52,000 Cash Short-term Investments 60,000 $ 26,000 122,000 Net Accounts Receivables Merchandise Inventory 247,000 Total Assets Total Current Liabilities 132,000 282,000 550,000 202,000 56,000 153,000 37,000 585,000 295,000 46,000 170,000 48,000 Long-term Note Payable Income from Operations Interest Expense Print Print Done Done