Quick Ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Current Year Previous Year Current assets: Cash $661,000 $1,042,000 Accounts receivable 587,000 491,000 Inventory 362,000 414,000 Total current assets $1,610,000 $1,947,000 Current liabilities: Current portion of long-term debt $125,000 $110,000 Accounts payable 250,000 219,000 Accrued and other current liabilities 405,000 401,000 Total current liabilities $780,000 $ 730,000 a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place. Quick Ratio Previous year: Current year: b. How did the quick ratio change between the two balance sheet dates