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Basted Company reported the following current assets and liabilities for December 31 for two recent years: Required: a. Compute the quick ratio on December 31

image text in transcribed Basted Company reported the following current assets and liabilities for December 31 for two recent years: Required: a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place. b. Is the quick ratio improving or declining

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