Use the AJ Cardenas, Inc., balance sheet data on the shown below.

CompanyQuick (acid-test) Ratio
Baker, Inc. (Utility).................................................0.74
Colvin Company (Department store).....................1.06
Dunn Companies Limited (Grocery store)............1.09

1. Compute AJ Cardenas, Inc.’s quick (acid-test) ratio at December 31, 2014, and 2013.
2. Use the comparative information from the table on the bottom of page 786 for Baker, Inc., Colvin Company, and Dunn Companies Limited. Is AJ Cardenas, Inc.’s quick (acid-test) ratio for 2014 and 2013 strong, average, or weak incomparison?

AJ Cardenas, Inc. Balance Sheets (Adapted) December 31, 2014 and 2013 Increase (Decrease Amount Percentage (Dollar amounts in millions) Assets 2014 2013 Current assets: Cash and cash equivalents Short-term investments Receivables, net Inventories Prepaid expenses and other assets S 1,240 900 70 250 81 363 1,664 340 (64) (914 (20)(8.0) 37.8% 230 96 243 1,815 3,611 1,011 15 (120 (33.1) Total current assets Property, plant, and equipment, net Intangible assets Other assets 151 235 133 7.0 15.1 14.7 3,376 878 828722 $ 7265$6640 Total assets 625 4% Liabilities and Stockholders' Equity Current liabilities: Accounts payable Income tax payable Short-term debt Other i-S-900| $ 1,000 39 118 $ 100 11.1% (22) (36.1 Total current liabilities 1,227 3,500 1145 2,944 1,036 5,125 82 556 81 719 Long-term debt Other liabilities 18.9 Total liabilities Stockholders' equity: Common stock Retained earnings Accumulated other comprehensive (loss) 5,844 14.0 1,573 1,689 (154)(176) 1,515 (116) 22 (12.5) Total stockholders' equity Total liabilities and stockholders' equity 1,421 7,265 6,640625 9.4%