A primary difference between the current ratio and the acid-test (quick) ratio is: a. The current ratio

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A primary difference between the current ratio and the acid-test (quick) ratio is:
a. The current ratio takes into account depreciation expense.
b. The acid-test ratio is computed using monthly data.
c. The acid-test ratio excludes inventory from the numerator.
d. All of the above.

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Managerial Accounting

ISBN: 12

3rd Edition

Authors: James Jiambalvo

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