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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 $1,270 $1,120 Temporary investments
Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash $1,270 $1,120 Temporary investments 1,100 1,400 Accounts receivable 830 930 Inventory 2,100 2,600 Accounts payable 2,000 2,300 a. Compute the quick ratio on December 31 for each year. Round to one decimal place
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