Crosser Company reported the following current assets and liabilities for December 31, 2015, and December 31, 2014:

Question:

1. Compute the quick ratio for December 31, 2015 and December 31, 2014.
2. Interpret the company€™s quick ratio. Is the quick ratio improving or declining?

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Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

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Question Posted: Sep 15, 2015 01:57 AM

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Crosser Company reported the following current assets and liabilities for December 31, 2015, and December 31, 2014:

Question:

Temporary investments 1,0 Accounts receivable nventory Accounts payable Dec. 31, 2015 $ 990 1,910 1.600 2,000 3.000 Dec. 31, 2014 $ 860 1,500 1,280 1,900 2,800

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