Managerial Accounting-Fall 2018-9 AM Section Homework: Financial Statement Analysis Score: 0.03 of 1 pt 7of 9 (6 complete) E14-18A (similar to) Big Bend Frames has asked you to determine whether the com data: whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017. To answer EEB (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 ratio 2017 2016 atement Analysis 7 of 9 (6 complete) e company's ability to pay current liabilities and total liabilities improved or deteriorated during 2017. To answer that question, compute these ratic for each year. ou Data Table 2017 2016 Cash Short-term investments Net receivables Inventory Total assets Total current liabilities Long-term notes payable Income from operations Interest expense S 60,500 $ 47,500 s 26,500 S S 115,500 $ 115,000 226,800 $ 276,250 $ 558,000 $ 490,000 270,000 S 203,125 S 31,320 $ 51,675 171,000 $ 156,780 S 50,000 $ 39,000 Print Done