Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash Temporary investments Accounts receivable Quick Ratio $1,030 20Y4 1,200 810 Inventory Accounts payable a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 2,200 1,900 20Y3 $900 b. Is the quick ratio improving or declining? 1,500 900 2,600 2,200

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