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Determine is the quick ratio improving or declining

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Adieu Company reported the following current assets and current liabilities for two recent years:

                                                            Dec. 31, 20Y4                                Dec. 31, 20Y3

Cash                                             $1,000                                    $1,140

Temporary investments                      1,200                                     1,400

Accounts receivable                            800                                       910

Inventory                                        2,200                                    2,600

Accounts payable                             1,875                                    2,300

Question a. Compute the quick ratio on December 31 for each year. Round to one decimal place.

Question b. Is the quick ratio improving or declining?

Reference no: EM132472765

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