Adieu Company reported the following current assets and current liabilities for two recent years:

	Dec. 31, 20Y4		Dec. 31, 20Y3
Cash	$1,100		$1,300
Temporary investments	1,100		1,500
Accounts receivable	840		950
Inventory	2,200		2,600
Accounts payable	1,900		2,500

a. Compute the quick ratio on December 31 for each year. Round to one decimal place.

	20Y4		20Y3
Quick Ratio	fill in the blank 1		fill in the blank 2

b. Is the quick ratio improving or declining?

DecliningImproving