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(6 12 Which of the follwing statements ilgrs about thect ratio? hich of the following statements is truelabout the acid test ratio? he acid test
(6 12 Which of the follwing statements ilgrs about thect ratio? hich of the following statements is truelabout the acid test ratio? he acid test ratio is a useful measure of short term liquidity in a business that has slow moving inventory stock. B.The acid test ratio's calculation involves deducting current liabilities from a company's most liquid current assets. C.If calculated correctly, the acid test ratio will always be greater than one. D.Current liabilities are deducted from current assets net of inventories and prepayments. E.Current liabilities that are due for payment in less than a year are stated as a percentage of current assets
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