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Using the information provided, calculate the ratios that would be relevant in determining whether or not Gervais Fumiture Inc. can pay both its current and long-term debt. Comment on whether the companys position has improved during 2020. (Click the icon to view the financial statement data.) Compute the current ratio for 2020 and 2019. Select the formula, and then enter the amounts to calculate the current ratio for 2020 and 2019 . (Round the ratios to two decimal places.) Compute the quick (acid-test) ratio for 2020 and 2019. Select the formula, and then enter the amounts to calculate the quick (acid-test) ratio for 2020 and 2019. (Abbreviations used: Avg = average, Ops = operations, and ST = short-term. For accounts with a $0 balance, make sure to enter " 0 " in the appropriate column. Round the ratios to two decimal places.) Comsuat the current ratio for 2020 arvd 2019. Select the formula, and then coiter the amounts to calculate the current ratlo for 2020 an mation to two decimal places, ) Compute the quick (acid teet) ratio for 2020 and 2019. Seleit the fomula, and then enter the armounts to calculate the quick (acid-test) ratio (Abbreviations used: Avg = average, 0ps a operations, and ST= short-term. For accot balance, make sure to enter " 0 " in the oppropriate column. Round the ratios to two dev Financial statement data

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