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The quick ratio excludes which of the following: A.Inventory B.Accounts payable C.Accounts receivable D.Accrued liabilities the correct answer is A, but the calculation for quick
- The quick ratio excludes which of the following:
- A.Inventory
- B.Accounts payable
- C.Accounts receivable
- D.Accrued liabilities
the correct answer is A, but the calculation for quick ratio is (current Assets- inventory- prepaid)/current liability. It does involves inventory
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
