Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Previous Year Cash Accounts receivable Inventory $763,000 677,000 418,000 $1,858,000 $740,000 348,000 294,000 $1,382,000 Total current assets Current liabilities: Current portion of long-term debt Accounts payable Accrued and other current liabilities $115,000 230,000 375,000 $102,000 204,000 374,000 $680,000 Total current liabilities a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place. Quick Ratio Previous year: Current year: b. How did the quick ratio change between the two balance sheet dates? 2 more Check My Work uses remaining