Data Table Aim's Companies Balance Sheet May 31, 2016 and 2015 Assets 2016 Liabilities 2016 2015 2015 Cash 12,800,000 12,900,000 2,500,000 $ 29,000,000 7,500,000 6,900,000 6,000,000 25,700,000 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets Total Assets 900,000 Total Current Liabilities $ 29,000,000 $ 11,000,000 Long-term Liabilities 13,100,000 5,200,000 Total Liabilities 42,100,000 5,900,000 Stockholders' Equity 2,300,000 Common Stock 10,000,000 25,300,000 Retained Earnings 30,800,000 40,800,000 52,300,000 Total Liabilities and Equity 82,900,000 $ 51,900,000 31,000,000 82,900,000 $ 27,000,000 Total Equity 10,000,000 16,600,000 26,600,000 52,300,000 $ Print Done Data Table Aim's Companies Income Statement Years Ended May 31, 2016 and 2015 2016 2015 Net Sales Cost of Goods Sold Interest Expense All Other Expenses $ 51,200,000 $ 39,800,000 23,300,000 24,900,000 400,000 320,000 5,800,000 8,200,000 $ 21,700,000 $ 6,380,000 Net Income Print Done Aim's has 200,000 common shares outstanding during 2016. Requirements 1. Compute Aim's Companies' current ratio at May 31, 2016 and 2015. 2. Did Aim's Companies' current ratio improve, deteriorate, or hold steady during 2016? Requirement 1. Compute Aim's Companies' current ratio at May 31, 2016 and 2015. Begin by selecting the formula to calculate Aim's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2016 and then 2015. (Round your answers to two decimal places, X.XX.) Current ratio 2016 2015 = Requirement 2. Did Aim's Companies' current ratio improve, deteriorate, or hold steady during 2016? Aim's Companies' current ratio