quick ratio basted company reported the following current assets and liabilities for december 31 for two recent years: dec. 31, current year dec. 31, previous year cash $1,080 $1,200 temporary investments 2,350 2,680 accounts receivable 3,430 1,820 inventory 1,760 1,710 accounts payable 4,900 3,800 required: a. compute the quick ratio on december 31 of both years. if required, round your answers to one decimal place. quick ratio december 31, current year fill in the blank 1 december 31, previous year fill in the blank 2 b. is the quick ratio improving or declining?