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Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year Dec. 31, Previous Year Cash

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Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year Dec. 31, Previous Year Cash Temporary investments $1,210 2,640 $1,170 2,630 Accounts receivable 2,200 1,790 Inventory 1,980 1,940 Accounts payable Required: 5,500 4,300 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? Declining Federal Income Tax Withholding Bob Dunn's weekly gross earnings for the present week were $2,440. Dunn has four exemptions. Using the wage bracket withholding table in Exhibit 2 with a $75 standard withholding allowance for each exemption, what is Dunn's federal income tax withholding? Round your answer to two decimal places

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