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Quebec Electronics has the following data available: Current Assets: 2018 20 17 Cash $158 $ 57 Accounts Receivable 88 61 Accrued Interest Receivable 15 15

Quebec Electronics has the following data available:

Current Assets: 2018 20 17

Cash $158 $ 57

Accounts Receivable 88 61

Accrued Interest Receivable 15 15

Inventory 25 60

Prepaid Rent 10 --

Total Current Assets $296 $193

Current Liabilities:

Accounts Payable $ 90 $ 63

Accrued Wages Payable 35 8

Accrued Income Taxes Payable 18 15

Accrued Interest Payable 9 9

Unearned Sales Revenue -- 5

Current Portion

of Long-Term Notes Payable 80 --

Total Current Liabilities $224 $104

Long-Term Liabilities:

Notes Payable 40 120

Total Liabilities $272 $220

What is the quick ratio for Quebec Electronics in 2018? Has the quick ratio improved or not improved since 2017? (Is accrued interest receivable in the numerator of the quick ratio?

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