• AutoNation average quick ratio for 2023 was 0.24, a 44.19% decline from 2022.
• AutoNation average quick ratio for 2022 was 0.43, a 22.86% decline from 2021.
• AutoNation average quick ratio for 2021 was 0.35, a 16.67% increase from 2020.

Quick ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated by subtracting inventory from current assets and dividing by current liabilities.