Use the Gagnon, Inc.. balance-sheet data to answer the following questions.
1. Compute Gagnon, Inc.'s, quick (acid-test) ratio at December 31, 2016, and 2015.
2. Use the comparative information from the table given for Horner, Inc., Isaacson Company, and Jona Companies Limited. Is Gagnon, Inc.'s, quick (acid-test) ratio for 2016 and 2015 strong, average, or weak in comparison?

Company Quick (acid-test) Ratio
Horner, Inc. (Utility)................................ 0.79
Isacson Company (Department store)........... 0.68
Jona Companies Limited (Grocery store)...... 0.71

Gagnon, Inc Balance Sheets (Adapted) December 31, 2016 and 2015 Increase (Decrease Amount Percentage (Dollar amounts in millions) Assets 2016 2015 Current assets: Cash and cash equivalents Short-term investments Receivables, net Inventories Prepaid expenses and other assets $ 12025 902$ 300 33.3% 84 256 (76)(90.5) (10)(3.9) 246 90 29.7) 242344(102) 120 336 152 otal current assets 17881,668 Property, plant, and equipment,net Intangible assets 3,642 1,010 3,306 858 732 10.2 17.7 12.0 ther assets Total assets $ 7,260 $ 656469 S 696 10.6% Liabilities and Stockholders' Equity Current liabilities Accounts payable ncome tax payable Short-term debt $ 978 S 884 70 94 (30) 10.6% (42.9) 40 124 70 1212 3,514 1,168 72 1,144 2,844 1,076 5,064 er Total current liabilities 2.8 5.9 68 670 92 830 Long-term debt Other liabilities 8.6 16.4 Total liabilities Stockholders' equity Common stock Retained earnings Accumulated other comprehensive (loss)(168)(172) 1,532 1.670 1,366 (138) (8.3) Total stockholders' equity Total liabilities and stockholders' equity $ 7,260 5 6564 5 69610.69%