Glamor Frames has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017 To answer that question, compute these ratios for 2017 and 2016, using the following data: (Click the icon to view the financial information) Read the requirements 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 2017 2016 272000 202000 Choose from any list or enter any number in the input fields and then click Check Answer Ddld lable improve 2017 2016 Cash A 46,000 Short-term investments Net receivables Inventory A 59,000 $ 29,500 $ 110,060 $ 247,520 $ 566,000 $ 272,000 $ 61.940 $ Total assets 121,660 274,720 486,000 202.000 31.280 Total current liabilities Long-term notes payable A m Print Done Che A Short-term investments Net receivables $ Inventory 29,500 $ 110,060 $ 247,520 S 566,000 $ 272.000 $ Total assets Total current liabilities 121,660 274,720 486,000 202,000 31,280 162,000 40,000 61.940 S Long-term notes payable Income from operations Interest expense 168,295 $ 48.500 $ Print Done