Question: Did the company's ability to pay its current liabilities improve over the two years Calculate the quick ratio for Los Altos, Inc., for both years,

Calculate the quick ratio for Los Altos, Inc., for both years, using

Did the company's ability to pay its current liabilities improve over the two years

Calculate the quick ratio for Los Altos, Inc., for both years, using the financial statements displayed belcM'_ Round to nearest hundredth. Quick Ratio 2020 0.19 x 2019 0.21 x Did the companys abilityto pay its current liabilities improve over the two years? Los Altos, I come For 31.2020 of Gro% pmfit Selling and administrati expens Los Altos. lnc 31.2020 and 2019 Cash and Inventory Property, & Total assets 2020 ss.cnc 4.125 3.875 2.100 1.775 31s 2019 $300 600 488 188 I.S76 1.875 37.876 32320 4.320 6.640 1.236 37.876 2019 $7.Eoc 3900 3.700 2.025 1.675 1.487 30 c $1,187 Liabilities and liabilities Total liabilities Stockholde equity - co Total Stockho Equity Iders' Equity 2020 Siso 67 s 375 300 I soo I .gso 4.275 37,725 32400 E. aoo I .32s 37.725

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