Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: . Dec. 31, 20Y4 Dec. 31, 20Y3 Cash $800 $770 Temporary investments. 1,200 1,500 Accounts receivable 850 950 Inventory 2,300 2,700 Accounts payable 1,900 2,300 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. . 20Y4 20Y3 Quick Ratio ____ ____ b. Is the quick ratio improving or declining? Improving
