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The current ratio differs from the acid-test (quick) ratio because: the acid-test ratio includes short-term investments but the current ratio does not. the denominator is
The current ratio differs from the acid-test (quick) ratio because:
| the acid-test ratio includes short-term investments but the current ratio does not. |
| the denominator is different in each ratio. |
| the acid-test ratio does not include inventory but the current ratio does. |
| the current ratio does not include long-term liabilities but the acid-test ratio does. |
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Understanding And Auditing IT Systems Volume 1
Authors: Young-Woon Min
2nd Edition
978-1257124084
