• Berkeleys average quick ratio for 2022 was 0.56, a 32.53% increase from 2021.
• Berkeleys average quick ratio for 2021 was 0.83, a 1.22% decline from 2020.
• Berkeleys average quick ratio for 2020 was 0.82, a 5.75% increase from 2019.

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.