Question: 6 . Current assets and current liabilities for a company are: Current assets: 2 0 2 0 $ 3 8 7 , 0 0 0

6. Current assets and current liabilities for a company are: Current assets: 2020$387,000; 2021$435,000. Current liabilities: 2020$275,000; 2021$297,500. Determine the current ratio for 2020 and 2021. Does the change in the current ratio from 2020 to 2021 indicate a favorable or unfavorable trend? Explain your response

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