Select the incorrect statement regarding the quick ratio:
A) The quick ratio is also known as the acid-test ratio.
B) The quick ratio ignores some current assets that are less liquid than others.
C) The quick ratio is a conservative variation of the current ratio.
D) The quick ratio equals quick assets divided by total liabilities.
Correct Answer:
Verified
Q1: An analysis procedure that uses percentages to
Q1: Select the incorrect statement regarding the information
Q5: All of the following are considered to
Q8: Working capital is defined as:
A)Current assets divided
Q11: Common methods of financial statement analysis include
Q13: Knoell Company paid its sales employees $15,000
Q14: The study of an individual financial statement
Q16: Financial ratios can be used to assess
Q17: Darden Company has cash of $40,000,accounts receivable
Q20: Which of the following is (are)objective(s)of ratio
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents