a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place. Quick Ratio Previous year: 1.9 X Current year: 2.1 b. How did the quick ratio change between the two balance sheet dates? Increased

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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I don't know why I did the quick ratio incorrectly. 

a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place.
Quick Ratio
Previous year:
1.9
X
Current year:
2.1
b. How did the quick ratio change between the two balance sheet dates?
Increased
Transcribed Image Text:a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place. Quick Ratio Previous year: 1.9 X Current year: 2.1 b. How did the quick ratio change between the two balance sheet dates? Increased
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