Question

Quick Ratio is a ________
a) comparative ratio
b) Balance Sheet Ratio
c) Revenue Statement Ratio
d) Composite Ratio​

Answer 1

Answer:

The quick ratio, often referred to as the acid-test ratio, includes only assets that can be converted to cash within 90 days or less. Current assets used in the quick ratio include: Cash and cash equivalents. Marketable securities.

Explanation:

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