Quick ratio Gmeiner Co. had the following current assets and liabilities on December 31 of two recent years: Current assets: Cash Accounts receivable Inventory Total current assets Current liabilities: Current portion of long-term debt Accounts payable Accrued and other current liabilities Total current liabilities X Open spreadsheet Current Year $871,000 377,000 896,000 $2,144,000 Previous year: Current year: $195,000 234,000 351,000 $780,000 Previous Year $622,000 249,000 436,000 $1,307,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the $147,000 201,000 322,000 $670,000 a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place. Quick Ratio

Quick ratio This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the Open spreadsheet a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place