The ratio that measures the instant debt-paying ability of a firm, by focusing on current assets that
Question:
The ratio that measures the “instant” debt-paying ability of a firm, by focusing on current assets that can be easily converted to cash, is the:
a. working capital.
b. quick ratio.
c. number of days’ sales in inventory.
d. ratio of fixed assets to long-term liabilities.
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Related Book For 
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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