eBookPrint Item Question Content Area Quick Ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Current Year Previous Year Current assets: Cash $475,000 $396,000 Accounts receivable 421,000 187,000 Inventory 260,000 157,000 Total current assets $1,156,000 $740,000 Current liabilities: Current portion of long-term debt $90,000 $80,000 Accounts payable 179,000 159,000 Accrued and

Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: a. Determinle ule quick rabu ior vecernver si ul voli yeals. il requireu, rouniu your arlswers to ur b. How did the quick ratio change between the two balance sheet dates