Compute the quick ratio on December 31 of both years.
\Quick ratio
1. Obj.
Nabors Company reported the following current assets and liabilities for December 31 for two recent years:
1. Compute the quick ratio on December 31 of both years.
2. Interpret the company’s quick ratio. Is the quick ratio improving or declining?
PE 11-8B
Quick ratio
1. Obj. 6
Adieu Company reported the following current assets and liabilities for December 31 for two recent years:
1. Compute the quick ratio on December 31 of both years.
2. Interpret the company’s quick ratio. Is the quick ratio improving or declining?