Match the descriptions with their terms:
-A measure of an entity's immediate short-term liquidity, also called the acid-test
A) Non-current liability
B) Present value
C) Warranty
D) Issue price
E) Current liability
F) Borrowing costs
G) Contract interest rate
H) Mortgage
I) Quick ratio
J) Provision

Question

Quizplus · Accepted Answer

The quick ratio, also known as the acid-test ratio, is a measure of an entity's ability to meet its short-term obligations with its most liquid assets, providing insight into its immediate liquidity.

Match the Descriptions with Their Terms