Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31,...
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Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash Temporary investments Accounts receivable Inventory Accounts payable $1,250 $1,160 1,100 1,500 850 940 2,100 2,000 2,600 2,400 a. Compute the quick ratio on December 31 for each year. Round your answers to one decimal place. Quick Ratio 20Y4 declinina2 20Y3 Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash Temporary investments Accounts receivable Inventory Accounts payable $1,250 $1,160 1,100 1,500 850 940 2,100 2,000 2,600 2,400 a. Compute the quick ratio on December 31 for each year. Round your answers to one decimal place. Quick Ratio 20Y4 declinina2 20Y3
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