• Merck average quick ratio for 2023 was 1.09, a 8.4% increase from 2022.
• Merck average quick ratio for 2022 was 1.19, a 21.43% decline from 2021.
• Merck average quick ratio for 2021 was 0.98, a 5.38% 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.