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Compute the quick ratio on December

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Question - Adieu Company reported the following current assets and current liabilities for two recent years:

 

Dec. 31, 20Y4

Dec. 31, 20Y3

Cash

$1,000

$1,150

Temporary investments

1,200

1,500

Accounts receivable

840

950

Inventory

2,300

2,500

Accounts payable

1,900

2,400

Required - Compute the quick ratio on December 31 for each year.

Reference no: EM133057362

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