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Which of the following is true about the quick ratio? It is a liquidity ratio. It measures the ability of the firm to pay off

Which of the following is true about the quick ratio?

It is a liquidity ratio.

It measures the ability of the firm to pay off its short

-

term obligations without relying on inventory.

It cannot exceed the current ratio.

It is also called the acid

-

test ratio.

All of the above answers are correct.

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