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Current Ratio Calculate the current ratio for Smith \& Sons, Inc., for each year. Round...

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Accounting

image Current Ratio Calculate the current ratio for Smith \& Sons, Inc., for each year. Round answers to two decimal places. Did the company's ability to pay its current liabilities improve over the two years? The decrease in ratio indicates that Smith \& Son's ability to pay its current liabilities improved. The increase in ratio indicates that Smith \& Son's ability to pay its current liabilities declined. The decrease in ratio indicates that Smith \& Son's ability to pay its current liabilities declined. The increase in ratio indicates that Smith \& Son's ability to pay its current liabilities improved. Please answer all parts of the

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