Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two...

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Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 3

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Answer 1

Answer #1

Quick Ratio = Quick assets/Current liabilities

December 31, current year :-

= (1520+3310+6210)/6900

= 1.6

December 31, previous year :-

= (1700+3810+2590)/5400

= 1.5

Improving

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Answer 2

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