uick Ratio Grangel Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year Dec. 31, Previous Year Cash Temporary investments Accounts receivable $550 $500 1,200 1,130 1,500 770 900 2,500 Inventory Accounts payable a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place. 900 2,000 December 31, current year December 31, previous year Quick Ratio b. Is the quick ratio improving or declining