Selected ratios for Giasson Corporation are as follows:

Instructions
(a) Identify if the change in each value or ratio is an improvement or deterioration between (1) 2016 and 2017, and (2) 2017 and 2018.
(b) Briefly discuss the changes in Giasson's liquidity, solvency, and profitability over the three-year period.

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2018 201Z2016 Working capital Current ratio Debt to total assets $159,00O $176,000 $168,ooo 2.0:1 40.5% 42.2% 36.1% Basic earnings per share $0.92 $1.33$1.15 Price-earnings ratio7.8 times 8.2 times 8.6 times 1.5:1 1.7:1