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Quick Ratio Nabors Company reported the following current assets and liabilities for December 31 for two recent years: Dec. 3Estimated Warranty Liability Oven Roasted Co. sold $202,000 of equipment during January under a two-year warranty. The cost tFederal Income Tax Withholding Bob Dunns weekly gross earnings for the present week were $2,220. Dunn has two exemptions. Us

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Answer #1

As per HomeworkLib, I'm solving your first question

1. Quick Ratio = Quick assets/Current liabilities

Quick Ratio
Dec 31, current year (1390+3020+3150)/6300 1.2
Dec 31, previous year (1340+2990+2040)/4900 1.3

B. Declining

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