• Makita average quick ratio for 2023 was 1.39, a 57.95% increase from 2022.
• Makita average quick ratio for 2022 was 0.88, a 54.17% increase from 2021.
• Makita average quick ratio for 2021 was 1.92, a 33.33% 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.