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Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 2
Posted: Fri Jul 01, 2022 8:51 am
by answerhappygod
- Quick Ratio Adieu Company Reported The Following Current Assets And Current Liabilities For Two Recent Years Dec 31 2 1 (19.01 KiB) Viewed 49 times
Quick ratio Adieu
Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 $1,180 $1,130 1,200 1,400 920 2,600 2,300 Cash Temporary investments Accounts receivable 820 Inventory 2,100 Accounts payable 2,000 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 20Y4 2013 Quick Ratio b. Is the quick ratio improving or declining?