adieu company reported the following current assets and liabilities for december 31 546173

PE 10-8B Quick ratio

Adieu Company reported the following current assets and liabilities for December 31,

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adieu company reported the following current assets and liabilities for december 31 546173
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2014 and 2013:

Dec. 31, 2014

Dec. 31, 2013

Cash

$1,000

$1,140

Temporary investments

1,200

1,400

Accounts receivable

800

910

Inventory

2,200

2,300

Accounts payable

1,875

2,300

a. Compute the quick ratio for December 31, 2014 and 2013.

b. Interpret the company’s quick ratio. Is the quick ratio improving or declining?

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