Requirement 1a. Compute the current ratios for 2018 and 2017 Begin by selecting the formula to compute the current ratio. Current ratoTotal current assets/Total current liabilities Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 2017: Income Statement Dangerfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income $ 461,000 $ 429,000 237,000 218,000 224,000 211,000 134,000 132,000 0,00079,000 13,000 81,000 66,000 23,000 $ 59,000 $ 43,000 9,000 22,000 Print Done Requirement 1a. Compute the current ratios for 2018 and 2017 Begin by selecting the formula to compute the current ratio. Current ratoTotal current assets/Total current liabilities Now, compute the current ratios for 2018 and 2017. (Round your answers to two decimal places, X.XX.) 2018: 2017: Income Statement Dangerfield, Inc. Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income $ 461,000 $ 429,000 237,000 218,000 224,000 211,000 134,000 132,000 0,00079,000 13,000 81,000 66,000 23,000 $ 59,000 $ 43,000 9,000 22,000 Print Done