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Adieu Company reported the following current assets and current liabilities for two recer Dec. 31, 2014 Dec. 31, 20Y3 Cash Temporary investments Accounts receivable
Adieu Company reported the following current assets and current liabilities for two recer Dec. 31, 2014 Dec. 31, 20Y3 Cash Temporary investments Accounts receivable Inventory Accounts payable $960 $660 1,200 1,500 840 920 2,300 2,500 2,000 2,200 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 20Y4 Quick Ratio 20Y3 b. Is the quick ratio improving or declining?
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