Nokia (www.Nokia.com) is a leading global manufacturer of mobile devices and services. The following selected information is available from Nokia’s financial statements.
(Euro millions) Current Year Prior Year
Current assets . . . . . . . . . . . 23,613 ....... 24,470
Current liabilities . . . . . . . . . 15,188 ...... 20,355

Required
1. Compute Nokia’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 current ratio.