• Holly Inc. reports the following information:

  	2019	2020
  Cash	$150	$110
  Accounts Receivable	105	112
  Prepaid Expense	55	60
  Accounts Payable	99	80
  Notes Payable, due in 2 years	205	210

  Which of the following statements is true?

• The quick ratio has stayed the same

• Cannot calculate the quick ratio

• The quick ratio has improved

• The quick ratio has declined