- Current assets and current liabilities for a company are as follows.
- Current assets: 2013 = $262,500; 2014 = $310,500
- Current liabilities: 2013 = $150,000; 2014 = $172,500

Determine the current ratio for 2013 and 2014. Does the change in the current ratio from 2013 to 2014 indicate a favorable or unfavorable trend?