Antigonish Technology Co. had the following current assets and liabilities for two comparative years:

a. Determine the quick ratio for December 31, 2015 and 2014.
b. Interpret the change in the quick ratio between the two balance sheet dates.

Dec. 31, 2015 Dec. 31, 2014 Current assets Cash Accounts recaivable Inventory $370,000 400,000 220,000 $990,000 S48,0D0 410,000 180,000 $1,038,000 Total current assets Dec. 31, 2015 Dec. 31, 2014 Current liabilities: Current portion of long-term debt Accounts payable Accrued and other current liabilities $110.000 220.000 370,000 $700,000 $100,000 200,000 360,000 $660,000 Total current liabilities