7) Inventory is excluded when the quick ratio or acid-test ratio is calculated because inventory is the most difficult current asset to convert to cash without loss of value. What types of inventory are likely to be most easily converted to cash without loss of value? 8) What does a very high inventory turnover ratio signify? 9) How would one explain a low receivables turnover ratio? 10) Why is it not enough for an analyst to look at just the short-term and long-term debt on a firm's balance sheet? 9 words English (United States)