Question: Crosser Company reported the following current assets and liabilities for

Crosser Company reported the following current assets and liabilities for December 31, 2015, and December 31, 2014:
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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  • CreatedSeptember 15, 2015
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