Quick Ratio Basted Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Dec. 31, Previous Year Current Year Cash $1,760 $2,340 Temporary investments 3,840 5,250 Accounts receivable 8,000 3,570 Inventory 2,880 2,790 Accounts payable 8,000 6,200 Required: a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place. Quick Ratio December 31, current year December 31, previous year b. Is the quick ratio improving or declining