Asked by

Halei Nesbitt
on Oct 09, 2024

verifed

Verified

The company's acid-test (quick) ratio is closest to:

A) 1.90
B) 1.85
C) 2.65
D) 1.81

Acid-Test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its quick assets, excluding inventory.

Company

A corporate body set up by a team of people aimed at operating and handling a business operation, which might be focused on commerce or industry.

  • Compute and analyze the acid-test (quick) ratio to assess a firm's immediate liquidity excluding inventory assets.
verifed

Verified Answer

SA
Shawndy AlgireOct 16, 2024
Final Answer:
Get Full Answer