Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Cash Temporary investments Accounts receivable Inventory Accounts payable Dec. 31, 20Y4 Dec. 31, 20Y3 $1,000 1,200 800 20Y4 2,200 1,875 20Y3 $1,140 1,400 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. Quick Ratio b. Is the quick ratio improving or declining? Improving 910 2,600 2,300

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