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Compute the quick ratio on december for each year

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Reference no: EM133119069

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

Dec. 31, 20Y4

Dec. 31, 20Y3

Cash

$750

$920

Temporary investments

1,100

1,500

Accounts receivable

850

940

Inventory

2,200

2,700

Accounts payable

1,800

2,400

Required -

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

b. Is the quick ratio improving or declining?

Reference no: EM133119069

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