The current assets and current liabilities for Koble Company and Newton Company are as follows: -These represent prepaid expenses and other non-quick current assets. Required: a. Determine the quitk ratio for both companies. Round your answers to two decimal places *These represent prepaid expenses and other non-quick current assets. Required: a. Determine the quick ratio for both companies. Round your answers to two decimal places: b. Interpret the quick ratio difference between the two companies: Kolbie's short-term liquidity is than Newton's. has a much stronger relative cash and short-term investment postion, In addition. relative accounts payable position indicates the possibility that has longer supplier payment terms