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			$746,000		$985,000
	Accounts receivable			661,000		464,000
	Inventory			408,000		391,000
		Total current assets		$1,815,000		$1,840,000
Current liabilities:
	Current portion of long-term debt			$107,000		$95,000
	Accounts payable			214,000		189,000
	Accrued and other current liabilities			349,000		346,000
		Total current liabilities		$670,000		$630,000

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?