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Compute the quick ratio for december 31 2012 and 2011 and

Grangel Company reported the following current assets and liabilities for December 31, 2012 and 2011:

	Dec. 31, 2012	Dec. 31, 2011
Cash	$ 620	$ 560
Temporary investments	1,330	1,250
Accounts receivable	850	830
Inventory	1,000	1,000
Accounts payable	2,800	2,200

a. Compute the quick ratio for December 31, 2012 and 2011.

b. Interpret the company's quick ratio. Is the quick ratio improving or declining?

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Accounting Basics: Compute the quick ratio for december 31 2012 and 2011 and

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Accounting Basics: Compute the quick ratio for december 31 2012 and 2011 and

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