Which item describes whether the following accounts would be included in the calculation of the acid-test (quick)ratio? Accounts Receivable Inventories
A) No No
B) No Yes
C) Yes No
D) Yes Yes

Question

Quizplus · Accepted Answer

The acid-test (quick) ratio includes accounts receivable because they are considered liquid assets that can be quickly converted to cash, but it excludes inventories because they are less liquid and may take longer to convert to cash.

Which Item Describes Whether the Following Accounts Would Be Included