Question
The quick ratio a.relates cash, marketable securities, and net receivables tocurrent liabilities. b.is calculated by taking one item from the income statement andone item from
The quick ratio
a.relates cash, marketable securities, and net receivables tocurrent liabilities.
b.is calculated by taking one item from the income statement andone item from the balance sheet.
c.is the same as the current ratio except it is rounded to thenearest whole percent.
d.is used to quickly determine a company's leverage andlong-term debt-paying ability.
The quick ratio
a.relates cash, marketable securities, and net receivables tocurrent liabilities.
b.is calculated by taking one item from the income statement andone item from the balance sheet.
c.is the same as the current ratio except it is rounded to thenearest whole percent.
d.is used to quickly determine a company's leverage andlong-term debt-paying ability.
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
