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 $850,000 $1,017,000 Accounts receivable 368,000 408,000 Inventory 875,000 713,000 Total current assets $2,093,000 $2,138,000 Current liabilities: Current portion of long-term debt $218,000 $165,000 261,000 225,000 Accounts payable Accrued and other current liabilities 391,000 360,000 Total current liabilities $870,000 $750,000 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. Open spreadsheet 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