Requirements 1. Using this information, calculate the current ratio and the debt ratio for 2020, 2019, and 2018. 2. Explain whether each ratio improved or deteriorated over the three years. In each case, what does your answe indicate? Requirement 1. Using this information, calculate the current ratio and the debt ratio for 2020, 2019, and 2018. Compute the current ratios for all three years for Le Gasse Inc. (Round all ratios to two decimal places.) Requirement 2. Explain whether each ratio improved or deteriorated over the three years. In each case, what does your answer indicate? Requirement 2. Explain whether each ratio improved or deteriorated over the three years. In each case, what does your answer indicate? The current ratio over the three years. This indicates that Le Gasse is to pay its current liabilities with its current assets and that the financial position of the company has over the three years. The debt ratio has slightly over the last three years; however, it is still in a range. As Le Gasse is earning income, it will have the cashflow to