please answer all requirements with clear notes so i am able to understand

please answer all requirements with clear notes so i am able to understand

Large Land Photo Shop has asked you to determine whether the company's ability to pay current liabilities and total liabilities improved or deteriorated during 2024. To answer this question, you gather the following data: B (Click the icon to view the data.) Read the requirements. a. Compute the current ratios for 2024 and 2023. Begin by selecting the formula to compute the current ratio. Requirements Current ratio Data Table Compute the following ratios for 2024 and 2023, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio 2024 2023 c. Acid-test ratio Cash $ 60,000 $ 57,000 Short-term Investments 32,000 0 Print Done Net Accounts Receivables 146,000 134,000 Merchandise Inventory 247,000 296,000 Total Assets 480,000 580,000 Total Current Liabilities 255,000 202,000 Long-term Notes Payable 42,000 54,000 Income from Operations 185,000 148,000 Interest Expense 40,000 31,000 Print Done