eBook Show Me Hory Calculator Print item Quick Ratio Nabors Company reported the following current...
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eBook Show Me Hory Calculator Print item Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 31, Current Year Dec. 31, Previous Year Cash $810 $1,040 Temporary investments 1,780 2,320 Accounts receivable 4,070 1,570 Inventory 1,310 Accounts payable 3,700 2,900 1,330 Required: a. Compute the quick ratio on December 31 of both years. If required, round your answers to one decimal place. Quick Ratio December 31, current year December 31, previous year b. Is the quick ratio improving or declining? Improving Declining
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