Calculate the quick ratio for Los Altos, Inc., for both years, using the financial statements displayed below. Round to nearest hundredth.

	2020	2019
Quick Ratio

Did the companys ability to pay its current liabilities improve over the two years? AnswerYesNo

Los Altos, Inc.
Income Statement
For Years Ended December 31, 2020 and 2019
(in millions)	2020	2019
Net sales	$27,500	$26,125
Cost of goods sold	14,300	13,520
Gross profit	13,200	12,605
Selling and administrative expenses	7,280	7,020
Income from operations	5,920	5,585
Interest expense	780	650
Income before income taxes	5,140	4,935
Income tax expense	1,092	1,040
Net income	$4,048	$3,895

Los Altos, Inc.
Balance Sheet
December 31, 2020 and 2019
(in millions)	2020	2019
Assets
Current assets
Cash and cash equivalents	$520	$1,040
Accounts receivable	2,340	2,080
Inventory	1,300	1,690
Other current assets	1,040	650
Total current assets	5,200	5,460
Property, plant, & equipment (net)	6,760	6,500
Other assets	14,820	15,340
Total assets	$26,780	$27,300
Liabilities and Stockholders' Equity
Current liabilities	$7,650	$7,395
Long-term liabilities	12,750	13,770
Total liabilities	20,400	21,165
Stockholders' equity - common	6,380	6,135
Total Liabilities and Stockholders' Equity	$26,780	$27,300

Please answer all parts of the question.