Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years Dec 31, Current Year Dec 31, Previous Year Cash $1,610 $1,440 Temporary investments 3,500 3,210 Accounts receivable 2,920 2,190 Inventory 2,630 2,570 Accounts payable 7,300 5,700 Required a Compute the quick ratio on December 31 of both years If required, round your answers to one decimal place Quick Ratio December 31, current year December 31, previous year b Is the quick ratio improving or declining Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years Dec 31, Dec 31, Current Year Previous Year Cash $1,610 $1,440 Temporary 3,500 3,210 investments Accounts 2,920 2,190 receivable Inventory 2,630 2,570 Accounts 7,300 5,700 payable Required a Compute the quick ratio on December 31 of both years If required, round your answers to one decimal place Quick Ratio December 31, current year December 31, previous year b Is the quick ratio improving or declining

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Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year Dec. 31, Previous

Quick Ratio

Nabors Company reported the following current assets and liabilities for December 31 for two recent years:

	Dec. 31, Current Year	Dec. 31, Previous Year
Cash	$1,610	$1,440
Temporary investments	3,500	3,210
Accounts receivable	2,920	2,190
Inventory	2,630	2,570
Accounts payable	7,300	5,700

Required:

a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place.

	Quick Ratio
December 31, current year
December 31, previous year

b. Is the quick ratio improving or declining?

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Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Dec. 31, Current Year Previous Year Cash $1,610 $1,440 Temporary 3,500 3,210 investments Accounts 2,920 2,190 receivable Inventory 2,630 2,570 Accounts 7,300 5,700 payable Required: a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place. Quick Ratio December 31, current year December 31, previous year b. Is the quick ratio improving or declining