Refer to the Hamilton's Data Set.
a. Compute Hamilton's current ratio at December 31, 2014 and 2013.
b. Did Hamilton's current ratio improve, deteriorate, or hold steady during 2014?

Hamilton's Data Set
Hamilton's, a home- improvement store chain, reported these summarized figures (inbillions):

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Hamilton's Balance Sheets December 31, 2014 and 2013 ts in thousands 2013 4 5 6 7 Current assets: 8 Cash 9 Short-term investments 10 Accounts receivable 11 Inventory 12 Other current assets 13 Total current assets 14 Other non-current assets 15 Total assets 16 17 8 Current liabilities: 19 Accounts payable 20 Notes payable 21 Accrued liabilities 22 Total current liabilties 23 Long-term liabilities 24 Total liabilities 25 26 27 Common stock, no par 28 Retained eamings 29 Total stockholders' equity 30 31 Total liabilities and equity 32 2014 Assets $1,290,000800,000 260,000 293,500 4120,000 402,500 5,876,000 12,600,00011,690,000 202,000 100,000 4,650,000 503,000 ,745,000s $19345,000 17566,0 Liabilities $3150,000$ 2,985,000 657,000 38,000 3,680,000 4,214000 910,000 360,000 4420,000S3 4294,000 8714,00 7894,000 Stockholders' equity 2,505,000S 1,000,000 8672000 10,631,000S 9,672000 $ 19,345,000S 17,566,000