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Consider the following information taken from GER's financial statements: September 30 (in thousands) 2020 2019 Current assets: Cash and cash equivalents $1,274 $6,450 Receivables 30,071

Consider the following information taken from GER's financial statements:

September 30 (in thousands)
2020 2019
Current assets:
Cash and cash equivalents $1,274 $6,450
Receivables 30,071 16,548
Inventories 31,796 14,072
Other current assets 4,818 2,620
Total current assets $67,959 $39,690
Current liabilities:
Current portion of long-term debt $97 $3,530
Accounts payable 23,124 11,228
Accrued compensation costs 5,606 1,929
Accrued expenses 9,108 5,054
Other current liabilities 874 777
Total current liabilities $38,809 $22,518

Also, GER's operating cash flows were $14,747 and $14,862 in 2020 and 2019, respectively.

Required:

Round your answers to two decimal places.

1) calculate the quick ratios for 2020 and 2019

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