Grangel Company reported the following current assets and liabilities for December 31 for two recent years:

	Dec. 31, Current Year		Dec. 31, Previous Year
Cash	$1,560		$1,850
Temporary investments	3,410		4,140
Accounts receivable	7,100		2,810
Inventory	2,560		2,480
Accounts payable	7,100		5,500

a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place.

	Quick Ratio
December 31, current year
December 31, previous year

b. Is the quick ratio improving or declining?