View Policies Current Attempt in Progress The following selected information (in thousands) was taken from Fruition Collections Ltd's December 31 statement of financial position: 2018 2017 Current assets Cash Accounts receivable Inventories $1,166 $1,660 1938 1,695 1,128 930 332 189 Other current assets Total current assets $4,564 $4,474 Total current liabilities $2.882 $2.997 Calculate the current ratio for each of the two years. (Roured ratios to 1 decinal place, e3.52) 2018 2017 Current ratio :1 : 1 Based only on the above information, would you say that the company's liquidity is strong or weak? M Suppose that Fruition Collections used $1.000.000 of its cash to pay off $1,000,000 of its accounts payable Would this transaction change the current ratio