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Business, 24.04.2020 21:27 sweetmochi13

Adieu Company reported the following current assets and current liabilities for two recent years: Dec. 31, 20Y4 Dec. 31, 20Y3 Cash $1,000 $1,140 Temporary investments 1,200 1,400 Accounts receivable 800 910 Inventory 2,200 2,600 Accounts payable 1,875 2,300 a. Compute the quick ratio on December 31 for each year. Round to one decimal place.

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