Business, 05.09.2020 22:01, kaveon2019

Adieu Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year Dec. 31, Previous Year
Cash $1,000 $1,140
Temporary investments 1,200 1,400
Accounts receivable 800 910
Inventory 2,200 2,300
Accounts payable 1,875 2,300

Required:
a. Compute the quick ratio on December 31 of both years.
b. Is the quick ratio improving or declining?

Answers: 2

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Adieu Company reported the following current assets and liabilities for December 31 for two recent y...