nabors company reported the following current assets and liabilities for december 31 546172
PE 10-8A Quick ratio
Nabors Company reported the following current assets and liabilities for December 31, 2014 and 2013:
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nabors company reported the following current assets and liabilities for december 31 546172
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|
Dec. 31, 2014 |
Dec. 31, 2013 |
|
|
Cash |
$ 650 |
$ 680 |
|
Temporary investments |
1,500 |
1,550 |
|
Accounts receivable |
700 |
770 |
|
Inventory |
1,250 |
1,400 |
|
Accounts payable |
2,375 |
2,000 |
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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