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Compute the quick ratio on december for each year

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Reference no: EM133102256

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

 

Dec. 31, 20Y4

Dec. 31, 20Y3

Cash

$1,190

$1,300

Temporary investments

1,200

1,400

Accounts receivable

810

900

Inventory

2,200

2,500

Accounts payable

2,000

2,400

Required -

a. Compute the quick ratio on December 31 for each year.

b. Is the quick ratio improving or declining?

Reference no: EM133102256

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