Quick Ratio Basted Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Dec. 31, Current Year Previous Year Cash $2,070 $2,230 Temporary Investments 4,780 5,030 Accounts receivable 2,160 2,420 Inventory 3,960 4,550 Accounts payable 5,300 4,400 a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal pla Quick Ratio December 31, current year December 31, previous year b. Is the quick ratio Improving or declining? Declining Feedback