Nabors Company reported the following current assets and liabilities for December 31 for two recent years: a. Compute the quick ratio on December 31 of both years. b. Interpret the company’s quick...

Nabors Company reported the following current assets and liabilities for December 31 for two recent years:

a. Compute the quick ratio on December 31 of both years.

b. Interpret the company’s quick ratio. Is the quick ratio improving or declining?