Pasky Company has the following financial data on January 1, 2010 and January 1, 2009.
In terms of the quick and current ratio, which of the following statements is true?
a. Pasky's short-term solvency position has improved.
b. Pasky's short-term solvency position has declined.
c. Pasky's short-term solvency position has remained the same
d. Pasky's quick ratio is increasing, but its current ratio is decreasing.

Question

Pasky Company has the following financial data on January 1, 2010 and January 1, 2009.
  In terms of the quick and current ratio, which of the following statements is true? 
a. Pasky's short-term solvency position has improved.
b. Pasky's short-term solvency position has declined.
c. Pasky's short-term solvency position has remained the same
d. Pasky's quick ratio is increasing, but its current ratio is decreasing.

Quizplus · Accepted Answer

The Answer of Pasky Company has the following financial data on January 1, 2010 and January 1, 2009.
  In terms of the quick and current ratio, which of the following statements is true? 
a. Pasky's short-term solvency position has improved.
b. Pasky's short-term solvency position has declined.
c. Pasky's short-term solvency position has remained the same
d. Pasky's quick ratio is increasing, but its current ratio is decreasing.

Pasky Company Has the Following Financial Data on January 1