Business, 05.09.2020 22:01 kaveon2019
Adieu Company reported the following current assets and liabilities for December 31 for two recent years:
Dec. 31, Current Year Dec. 31, Previous Year
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
Required:
a. Compute the quick ratio on December 31 of both years.
b. Is the quick ratio improving or declining?
Answers: 2
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Adieu Company reported the following current assets and liabilities for December 31 for two recent y...
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