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Compute the quick ratio on december for each year

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Reference no: EM132952334

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

                                              Dec. 31, 20Y4              Dec. 31, 20Y3

Cash                                     $1,030                        $880

Temporary investments              1,200                       1,500

Accounts receivable                   810                          920

Inventory                                 2,100                      2,700

Accounts payable                      1,900                       2,200

Problem 1: Compute the quick ratio on December 31 for each year. Round to one decimal place.

Reference no: EM132952334

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