• Corning average quick ratio for 2023 was 1, a 6.38% increase from 2022.
• Corning average quick ratio for 2022 was 0.94, a 25.4% increase from 2021.
• Corning average quick ratio for 2021 was 1.26, a 14.29% decline 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.