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:
Consumer Surplus
Difference between what a consumer is willing to pay for a good and the amount actually paid.
Producer Surplus
The difference between the amount producers are willing to accept for a good or service versus what they actually receive.
Negotiated Price
A final price which is agreed upon by both the buyer and seller after a process of negotiation.
Cooperative Game
Game in which participants can negotiate binding contracts that allow them to plan joint strategies.
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