meiner Co. had the following current assets and liabilities on December 31 of two recent years: Previous Year Current Year Current assets: Cash Accounts receivable Inventory $1,071,000 504,000 425,000 $2,000,000 $763,000 677,000 418,000 $1,858,000 Total current assets Current liabilities: $113,000 225,000 412,000 $750,000 Current portion of long-term debt Accounts payable Accrued and other current liabilities $128,000 256,000 416,000 $800,000 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? Increased