• Pearson average quick ratio for 2023 was 1.87, a 0.54% decline from 2022.
• Pearson average quick ratio for 2022 was 1.86, a 9.27% increase from 2021.
• Pearson average quick ratio for 2021 was 2.05, a 6.22% 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.