Antigonish Technology Co. had the following current assets and liabilities for two comparative years:

a. Determine the quick ratio for December 31, 2015 and 2014.
b. Interpret the change in the quick ratio between the two balance sheet dates.

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Dec. 31, 2015 Dec. 31, 2014 Current assets Cash Accounts recaivable Inventory $370,000 400,000 220,000 $990,000 S48,0D0 410,000 180,000 $1,038,000 Total current assets Dec. 31, 2015 Dec. 31, 2014 Current liabilities: Current portion of long-term debt Accounts payable Accrued and other current liabilities $110.000 220.000 370,000 $700,000 $100,000 200,000 360,000 $660,000 Total current liabilities