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Compute the quick ratio on december for each year

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Reference no: EM133073763

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

 

Dec. 31, 20Y4

Dec. 31, 20Y3

Cash

$1,040

$1,290

Temporary investments

1,200

1,400

Accounts receivable

800

910

Inventory

2,100

2,600

Accounts payable

1,900

2,400

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

Reference no: EM133073763

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