accounting #11

gagenow.com/in/takeAssignment/takeAssignmentMain.... Tp * 9 ebook Show Me How Quick ratio Cash Adieu Company reported the following current assets and current liable for two recent years Dec 31, 2014 Dec 31, 2013 $950 $870 Temporary investments 1,100 1,400 Accounts receivable 300 950 Inventory 2,100 2,500 Accounts payable 1,900 2,300 a. Compute the quick ratio on December 31 for each year, Round to one decimal place 2014 2013 Quick 2.6 x 2.5 X Ratio b. Is the quick ratio improving or declining? Improving Check My Work