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

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

Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 2014 Dec. 31, 20Y3 Cash $860 $960 1,200 1,400 Temporary investments Accounts receivable 820 940 2,100 2,500 Inventory Accounts payable 1,800 2,200 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 2014 20Y3 Quick Ratio b. Is the quick ratio improving or declining? Improving Finnihan