Piaggio (www.Piaggio.com) manufactures two-, three- and four-wheel vehicles, and is Europe€™s leading manufacturer of motorcycles and scooters. The following selected information is available from Piaggio€™s financial statements.

Required
1. Compute Piaggio€™s current ratio for both the current year and the prior year.
2. Comment on any change from the prior year to the current year for the currentratio.

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(Euro thousands) CurrentYear Prior Year 509,708 644,277 575,897 616,166 Current liabilities.