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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, 2013 Cash $1,180 $900

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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, 2013 Cash $1,180 $900 Temporary investments 1,200 1,500 Accounts receivable 820 900 Inventory 2,300 2,700 Accounts payable 2,000 2,200 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 Feedback Check My Work w Partially correct Check My Work Previous Next

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