Refer to the ABC Company balance sheet and income statement posted under the On-line Quiz #9...

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Refer to the ABC Company balance sheet and income statement posted under the On-line Quiz #9 link on BB. What is the quick ratio at December 31, 2020? 0.92 3.56 1.09 1.12 QUESTION 4 Ignore your answer to the question above. If ABC's quick ratio in 2019 was 96 and it's quick ratio in 2020 was 1.3, which of the following statements is true? O The quick ratio has improved from 2019 to 2020. O The quick ratio has declined from 2019 to 2020. ABC will have a harder time paying its current liabilities in 2020. O The quick ratio is not a measure of a company's ability to convert assets into cash to pay its bills Refer to the ABC Company balance sheet and income statement posted under the On-line Quiz #9 link on BB. What is the quick ratio at December 31, 2020? 0.92 3.56 1.09 1.12 QUESTION 4 Ignore your answer to the question above. If ABC's quick ratio in 2019 was 96 and it's quick ratio in 2020 was 1.3, which of the following statements is true? O The quick ratio has improved from 2019 to 2020. O The quick ratio has declined from 2019 to 2020. ABC will have a harder time paying its current liabilities in 2020. O The quick ratio is not a measure of a company's ability to convert assets into cash to pay its bills