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Compute the quick ratio on december

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Reference no: EM132465297

Quick Ratio

Nabors Company reported the following current assets and liabilities for December 31 for two recent years:

 

Dec. 31, Current Year

Dec. 31, Previous Year

Cash

$770

$740

Temporary investments

1,680

1,650

Accounts receivable

2,800

1,120

Inventory

1,260

1,220

Accounts payable

3,500

2,700

 

 

 


Question a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place.

Question b. Is the quick ratio improving or declining?

Reference no: EM132465297

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