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Dec. 31, 20Y4 Dec. 31, 20Y3 Cash $880 $1,020 Temporary investments 1,200 1,500 Accounts receivable 800 930 Inventory 2,100 2,600 Accounts payable 1,800 2,300 a.
| Dec. 31, 20Y4 | Dec. 31, 20Y3 | |||
| Cash | $880 | $1,020 | ||
| Temporary investments | 1,200 | 1,500 | ||
| Accounts receivable | 800 | 930 | ||
| Inventory | 2,100 | 2,600 | ||
| Accounts payable | 1,800 | 2,300 | ||
a. Compute the quick ratio on December 31 for each year. Round to one decimal place.
| 20Y4 | 20Y3 | |||
| Quick Ratio | fill in the blank 1 | fill in the blank 2 | ||
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Auditor Jokes The Ultimate Collection Of Auditor Jokes
Authors: Chester Croker
1st Edition
1080090169, 978-1080090167
