Question: Quebec Electronics has the following data available: Current Assets: 2019 20 18 Cash $158 $ 57 Accounts Receivable 88 61 Accrued Interest Receivable 15 15

Quebec Electronics has the following data available:

Current Assets: 2019 20 18

Cash $158 $ 57

Accounts Receivable 88 61

Accrued Interest Receivable 15 15

Inventory 25 60

Prepaid Rent 10 --

Total Current Assets $296 $193

Current Liabilities:

Accounts Payable $ 90 $ 63

Accrued Wages Payable 35 8

Accrued Income Taxes Payable 18 15

Accrued Interest Payable 9 9

Unearned Sales Revenue -- 5

Current Portion

of Long-Term Notes Payable 80 --

Total Current Liabilities $224 $104

Long-Term Liabilities:

Notes Payable 40 120

Total Liabilities $272 $220

What is the quick ratio for Quebec Electronics in 2019? Has the quick ratio improved or not improved since 2018?

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