Selected financial data from Crew Restaurant is provided below. 66 Required As at December 31, 2020 Cash Accounts Receivable $75,000 225,000 Food Inventory 270,000 Short-Term Investments 40,000 Land & Building 500,000 Current Portion of Long-Term Debt Accounts Payable 30,000 120,000 Analyzing Accounting Information a) Calculate the quick ratio. Round your answer to two decimal places, b) What does Crew Restaurant's quick ratio suggest about the company's performance? Chapter 3 AP-6ALO4 A company had a debt-to-equity ratio last year of 1.46. This year's liabilities totalled $452,000, while shareholders' equity amounted to $226,000 for the year. Required a) Calculate the debt-to-equity ratio. b) Comparing year over year, is the company managing its debt-to-equity ratio better or worse? Explain your answer.