Which statements is true in terms of the quick ratio

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Problem 1: In terms of the quick and current ratio, which of the following statements is true?

Option 1: Pasky's short-term solvency position has improved.

Option 2: Pasky's short-term solvency position has declined.

Option 3: Pasky's short-term solvency position has remained the same

Option 4: Pasky's quick ratio is increasing, but its current ratio is decreasing.

Reference no: EM132643979

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