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Oran Armstrong

Feb 20, 2025

Quick assets divided by the current liabilities is the:?

Quick assets divided by the current liabilities is the:a) acid-test ratiob) current ratioc) working capitol ratio d) current liability turnover ratioe) quick asset turnover ratio
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Maximus VonRueden

Feb 20, 2025

https://shorturl.im/GE7UtIf you mean current assets divided by current liabilities this is called the current ratio. If you go a bit further and deduct stock and prepayments from the assets and deduct the bank overdraft from the liabilities you get the Quick ratio or acid test. This tells you the ability (or not) of the company being able to pay its current liabilities with its cash or near cash assets. The ratio should be more than 1:1... Show More
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