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. 31, 20Y3
Cash	$1,030		$850
Temporary investments	1,200		1,500
Accounts receivable	810		950
Inventory	2,300		2,600
Accounts payable	1,900		2,200