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12-Months Ending Selected Financial June 30, 2020 June 30, 2019 June 30, 2018 Inventory 678.2 858.9 1,148.9 Current Asset 6,495.0 3,270.8 3,651.0 Current Liabilities 3,585.7

12-Months Ending
Selected Financial June 30, 2020 June 30, 2019 June 30, 2018
Inventory 678.2 858.9 1,148.9
Current Asset 6,495.0 3,270.8 3,651.0
Current Liabilities 3,585.7 3,475.2 13,113.7
Requirements
a. Please explain what information is communicated by the Quick Ratio?
b. Please compute and analyze the Quick Ratio for FY 2019 and FY 2018.
c. Make one recommendation for improvement/efficiency based on your analysis.
Formula:
Quick Ratio: (Current Assets - Inventory) / Current Liabilities

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