The current assets and current liabilities for Kolbie Company and Newton Company are as follows: 
*These represent prepaid expenses and other non-quick current assets.
(a) Determine the quick ratio for both companies. Round to two decimal places.
(b) Interpret the quick ratio difference between the two companies.
Definitions:
Heterozygous
Describes an organism that carries two different alleles of a particular gene, one inherited from each parent.
Locus
The specific fixed position of a gene or DNA sequence on a chromosome, serving as a map reference for genetic studies.
Diploid
Referring to cells that contain two sets of chromosomes, one set inherited from each parent, typical of most body cells except for gametes.
Locus
A specific location or position on a chromosome where a particular gene or genetic marker is situated.
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