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Sayer Company reported the following current assets and current liabilities for the years ended December 31, 2016 and 2015: Cash Temporary investments Accounts receivable Inventory
Sayer Company reported the following current assets and current liabilities for the years ended December 31, 2016 and 2015: Cash Temporary investments Accounts receivable Inventory Accounts payable a.Compute the quick ratio for 2016 and 2015. 2016 2015 $1,250 $1,000 1,925 1,650 1,775 1,350 1,900 1,700 2,750 2,500 b.Interpret the company's quick ratio across the two time periods
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