Adieu Company reported the following current assets and liabilities for December 31, 2014 and 2013: a. Compute
Question:
a. Compute the quick ratio for December 31, 2014 and 2013.
b. Interpret the companys quick ratio. Is the quick ratio improving ordeclining?
Transcribed Image Text:
Dec. 31, 2014 Cash Temporary investments Accounts receivable Inventory Accounts payable 1,000 1,200 800 2,200 1,875 Dec. 31, 2013 $1,140 1,400 910 2,300 2,300
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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