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?
Transcribed Image Text:
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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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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