(Solved): 15.28\times 45 Quick ratis Gimeiner Co. had the following current assets and liabilities on December ...

Quick ratis Gimeiner Co. had the following current assets and liabilities on December 31 of two recent years: \table[[,Current Year,Prewieus Year],[Current absets:],[Cash,4531,000,$950,000],[Accounts receivable,355,000,377,000],[threasbery,$54,000,614,600],[Total current assets,$2,044,000,12,041,000],[Current Tabitiles:],[Current portion of long-term debt,1213,000,15161,000],[Accounts payabil,255.000,215,000],[Acorued and other current liabilities,382,000,350,000],[Total current liabinties,$150,000,4730,000]] This information has been collected in the Microsoft Excel Online file. Open the spreddsheet, perform the required analyis, and input your answers in the questions beice. x Open spreaduheet a. Determine the quick ratio for December 31 of both years. If required, round your answers to ene decimal place. \table[[,Quick Ratio],[Previous year:,],[Current year:,]] b. How did the quick ratio change between the two balance sheet dater? Quick ratio Gmeiner Co, had the following current assets and liabilities on December 31 of two recent years: \table[[,Current Year,Previous Year],[Current assets:,,*],[Cash,$831,000,1990,000],[Accounts receivable,359,000,397,000],[Prwentory,854,000,694,000],[Total current assets,$2,044,000,82,081,000],[Current flabities:,,],[Current portion of long-term debt,5213,000,$161,000],[Accounts payable,255,000,219,000],[Accrued and other current liabilities,382,000,350,000],[Total current liabilities,5850,000,$730,000]] This information has been collected in the Microsoft, Excel Online file. Open the spreadsheet, perform the required analys, and input your answers in the equestions below. Open spreadsheet a. Determine the quick ratio for December 31 of both years. If required, round your answers to one decimal place. \table[[Quick Ratio,],[Previous year!,],[Current year:,]] b. How did the quick ratio change between the two balance sheet dates?