The change in Luther's quick ratio from 2005 to 2006 is closest to:
A) a decrease of .10
B) an increase of .10
C) a decrease of .15
D) an increase of .15

Name: The change in Luther's quick ratio from 2005 to 2006 is closest to: A) a decrease of .10 B) an increase of .10 C) a decrease of .15 D) an increase of .15
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Question

Quizplus · Accepted Answer

B) quick ratio in 2006 = (171.0 - 45.9)/144 = .87
quick ratio 2005 = (144.0 - 42.9) / 132 = .77
so the quick ratio increased by .87 - .77 = .10

The Change in Luther's Quick Ratio from 2005 to 2006