define the concept of current and quick ratio ?
Attachments:
Answers
Answered by
6
Answer:
Current;
Current;The current ratio is the proportion (or quotient or fraction) of the amount of current assets divided by the amount of current liabilities.
Quick Ration;
Quick Ration; The quick ratio (or the acid test ratio) is the proportion of
Quick Ration; The quick ratio (or the acid test ratio) is the proportion of 1) only the most liquid current assets to
Quick Ration; The quick ratio (or the acid test ratio) is the proportion of 1) only the most liquid current assets to 2) the amount of current liabilities.
Similar questions