Question: REQUIRED a. Compute the quick ratio on December 31 for each year. b. Is the quick ratio improving or declining? INFORMATION Dec. 31, 20Y4 Dec.

REQUIRED

a. Compute the quick ratio on December 31 for each year. 

b. Is the quick ratio improving or declining?

INFORMATION

Dec. 31, 20Y4Dec. 31, 20Y3
Cash$1,030
$850
Temporary investments1,200
1,500
Accounts receivable810
950
Inventory2,300
2,600
Accounts payable1,900
2,200

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