uick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash $990 $1,040 Temporary investments 1,200 1,500 Accounts receivable 850 910 Inventory 2,300 2,500 Accounts payable 1,900 2,300 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 20Y4 Quick Ratio: 20Y3 b. Is the quick ratio improving or declining? Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 2014 Dec. 31, 20Y3 Cash Temporary investments Accounts receivable Inventory Accounts payable $750 $1,020 1,100 1,400 850 940 2,100 2,700 1,800 2,400 a. Compute the quick ratio on December 31 for each year. Round to one decimal place. Quick 20Y4 20Y3 1.2 X 1.3 X Ratio b. Is the quick ratio improving or declining? Improving Feedback Check My Work Partially correct