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 $782,000 $506,000 448,000 Accounts receivable 368,000 Inventory 277,000 311,000 Total current assets $1,231,000 $1,461,000 Current liabilities: Current portion of long-term debt Accounts payable $85,000 170,000 275,000 $530,000 $75,000 150,000 275,000 $500,000 Accrued and other current liabilities 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