Quick ratio: Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Current assets: Cash Accounts receivable. Inventory Current Year Previous Year $514,000 $514,000 222,000 206,000 528,000 360,000 $1,264,000 $1,080,000. Total current assets Current liabilities: Current portion of long-term debt $115,000 $88,000 Accounts payable 138,000 120,000 Accrued and other current liabilities 207,000 192,000 Total current liabilities $460,000 $400,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet