$*$PLEASE COMPLETE PARTS A$-$E$*$Large Limb 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 th following data:

$($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.

Current ratio $=$

Data table

$\backslash$table$[[,,2024,2023],[$Cash$,$$$,56,000$$$,49,000],[$Short$-$term Investments,,$30,000,0],[$Net Accounts Receivables,,$116,000,112,000],[$Merchandise Inventory,,$247,000,257,000],[$Total Assets,,$525,000,580,000],[$Total Current Liabilities,,$285,000,192,000],[$Long$-$term Notes Payable,,$38,000,64,000],[$Income from Operations,,$175,000,178,000],[$Interest Expense,,$54,000,37,000]]$

Requirements

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

c$.$ Acid$-$test ratio