Intra-Spect Mining Co. acquired mineral rights for $105,000,000. The mineral deposit is estimated at 70,000,000 tons. During the curre year, 14,700,000 tons were mined and sold. a. Determine the depletion rate. If required, round your answer to two decimal places. per ton b. Determine the amount of depletion expense for the current year. c. Journalize the adjusting entry on December 31 to recognize the depletion expense. If an amount box does not require an entry, leave it blank. Dec. 31 Adieu Company reported the following current assets and current liabilities for two recent years: a. Compute the quick ratio on December 31 for each year. Round to one decimal place. b. Is the quick ratio improving or declining