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Refer to the financial statements below. Chema's Corp.'s quick ratios were 2.12, 201, and 1.84 in 2013, 2014, and 2015, respectively. Chema Corp.'s quick ratio

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Refer to the financial statements below. Chema's Corp.'s quick ratios were 2.12, 201, and 1.84 in 2013, 2014, and 2015, respectively. Chema Corp.'s quick ratio of i n 2016 therefore indicates that the firm's liquidity position steadily from 2013 to 2016. CHEMA CORP 2016 Income Statement Cost of goods sold Depencata Lars before blerest and taxes Current Asset CHEMA CORP Bance Sheet as of December 31, 2016 Assets Liabilities and O ris Equity Curea Las Accounts payable 3.780 Notes payable 10.970 Other $ 17533 Total Long-tenn debe 41,323 Owners C ock sa pepe Randers Ford Assets Net plant and e xcel Total assets 1.72; improved 3.54; improved 1.72; declined 3.54; declined 4.61; declined

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