Samsung (Samsung.com) is a leading manufacturer of consumer electronic products. The following selected information is available from Samsung's financial statements.
Millions of Korean won _____Current Year ____________ Prior Year
Current assets ................. W124,814,725 ............... W115,146,026
Current liabilities ............ 50,502,909 ............... 52,013,913
Required
1. Compute Samsung'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.