Quick Ratio Aloha Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Previous Year Cash Temporary investments Accounts receivable Inventory Accounts payable Required: Dec. 31, Current Year December 31, current year December 31, previous year $1,760 2,130 1,430 3,880 2,800 a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place. Quick Ratio $1,680 2,090 1,330 3,420 3,400 b. Is the quick ratio improving or declining?

Aloha Company reported the following current assets and liabilities for December 31 for two recent years: a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place. b. Is the quick ratio improving or declining