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Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash $970 $1,040 Temporary investments
Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash $970 $1,040 Temporary investments 1,200 1,400 Accounts receivable 830 920 Inventory 2,300 2,500 Accounts payable 2,000 2,400 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 20Y4 20Y3 Quick Ratio
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