(SOLVED)- Crosser Company reported the following current assets and liabilities for


Question Description:

$19

Crosser Company reported the following current assets and liabilities for December 31, 2015, and December 31, 2014:
1. Compute the quick ratio for December 31, 2015 and December 31, 2014.
2. Interpret the company’s quick ratio. Is the quick ratio improving or declining?

Answer

$19