Use the following information and calculate the quick ratio for Davis Company and for Bender Inc.
Definitions:
Unskilled Labor
Labor that requires no specialized skills, education, or training.
Skilled Labor
Workers who possess specialized skills, training, or knowledge that are used in the production of goods or the provision of services.
Wage Rates
The amount of money paid to workers per unit of time, often an hour, reflecting compensation for labor.
Labor Productivity
The output per worker, measuring how efficiently labor is used in the production process.
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