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 Accounts receivable Inventory $685,000 607,000 375,000 $1,667,000 $609,000 287,000 242,000 $1,138,000 Total current assets Current liabilities: Current portion of long-term debt Accounts payable Accrued and other current liabilities $109,000 218,000 353,000 $680,000 $96,000 192,000 352,000 $640,000 Total current liabilities 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? Decreased Increased