Question: 1. Identify the formula to compute the current ratio. 2. Determine the total current assets balance for Pigeon Pigeon Sporting Goods at March31, 2013, and

1.

Identify the formula to compute the current ratio.

2.

Determine the total current assets balance for Pigeon

Pigeon Sporting Goods at March31, 2013, and then compute the current ratio as of March31, 2014 and as of March31, 2013. (Round to two decimalplaces.)

3.

Has the current ratio for Pigeon

Pigeon Sporting Goods improved or deteriorated during the fiscal year ending March31, 2014. How can youtell?

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