Tappert Company reported the following current assets and liabilities for December 31, 2012 and 2011: a. Compute
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Tappert Company reported the following current assets and liabilities for December 31, 2012 and 2011:
a. Compute the quick ratio for December 31, 2012 and 2011.
b. Interpret the company's quick ratio. Is the quick ratio improving ordeclining?
Transcribed Image Text:
Cash Temporary investments Accounts receivable Inventory Accounts payable Dec. 31, 2012 $ 990 1,910 1,600 2,000 3,000 Dec. 31, 2011 $ 860 1,500 1,280 1400 2,800
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