Question: Module 5 Problem Set eBook * Show Me How Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years:

 Module 5 Problem Set eBook * Show Me How Quick ratio

Module 5 Problem Set eBook * Show Me How Quick ratio Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, Dec. 31, 20Y3 2014 Cash $980 $1,320 Temporary investments 1,100 1,500 Accounts 800 930 receivable Inventory 2,100 2,500 Accounts 1,800 2,500 payable a. Compute the quick ratio on December 31 for each year. Round to one decimal place. 20Y4 20Y3 Quick Ratio * b. Is the quick ratio improving or declining

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