CengageNOWv2 | Online teaching x com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession... Quick Ratio Basted Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year Cash Temporary investm Accounts receivab Inventory Accounts payable Dec. 31, Previous Year Required: a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal Quick Ratio December 31 , current year December 31 , previous year $620 $830 1,340 1,860 2,240 1,270 1,010 990 2,800 2,200 Q b. Is the quick ratio improving or declining? 2 more Check My Work uses remaining. Search