Compute the quick ratio for december 31

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Tappert Company reported the following current assets and liabilities for December 31, 2012 and 2011:


Dec. 31, 2012

Dec. 31, 2011

Cash

$ 990

$ 860

Temporary investments

1,910

1,500

Accounts receivable

1,600

1,280

Inventory

2,000

1,400

Accounts payable

3,000

2,800

a. Compute the quick ratio for December 31, 2012 and 2011.

b. Interpret the company's quick ratio. Is the quick ratio improving or declining?

Reference no: EM13533253

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