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Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 2014 Dec. 31, 20Y3 Cash $870 $1,030

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Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 2014 Dec. 31, 20Y3 Cash $870 $1,030 1,500 1,200 Temporary investments Accounts receivable 810 920 Inventory 2,200 2,700 Accounts payable 1,800 2,300 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 2014 2013 Quick Ratio b. Is the quick ratio improving or declining? Improving

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