Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2020. To answer that question, compute these ratios for 2020 and 2019, using the following data: LOADING...(Click the icon to view the financial information.) Read the requirementsLOADING.... Question content area bottom Part 1 a. Current ratio Enter the formula on the first line, then calculate the ratio for each year. (Round your answers to two decimal places.) Current assets Current liabilities = Current ratio 2020 $429,300 $270,000 = 1.59 2019 $439,790 $199,000 = 2.21 Part 2 b. Acid-test ratio Enter the formula on the first line, then calculate the ratio for each year. (Abbreviation used: ST = short-term. Round your answers to two decimal places. For accounts with zero balances, enter a $0 where appropriate.) Acid-test ( Cash + ST investments + Net receivables ) Current liabilities = ratio 2020 ( $60,500 + $26,500 + $115,500 ) $270,000 = 0.75 2019 ( $45,000 + $0 + $108,230 ) $199,000 = 0.77 Part 3 c. Debt ratio Enter the formula on the first line, then calculate the ratio for each year. (Round your answers to two decimal places.) Total liabilities Total assets = Debt ratio 2020 $301,320 $558,000 = 0.54 2019 $229,360 $488,000 = 0.47 Part 4 d. Times-interest-earned ratio Enter the formula on the first line, then calculate the ra