Mobile Designs,Inc. Use the Selected Data from the Comparative Financial Statements for Statements

Essay

Mobile Designs,Inc.
Use the selected data from the comparative financial statements for Mobile Designs,Inc.to answer the questions that follow.
Mobile Designs,Inc.
Balance Sheet Accounts
(all accounts have normal balances)
(in millions)
Refer to the account information for Mobile Designs,Inc.
REQUIRED:
Calculate the current and quick ratios for 2013 and 2012.Comment on the direction and significance of the change in the ratios.