In the absence of industry benchmarks what is the assumed ideal quick ratio for a business?
A) 1:1
B) 2:1
C) It does not matter so long as the business has sufficient cash in the bank
D) It cannot be determined
Correct Answer:
Verified
Q1: Net assets equals:
A) Current assets less current
Q2: What is the ideal quick ratio for
Q4: Which of the following would indicate a
Q5: The rate of inventory turnover is eight
Q6: The percentage return on the owners opening
Q7: The working capital is: Refer To:
Q8: The net assets figure is: Refer To:
Q9: The following information relates to Questions 9
Q10: The following information relates to Questions 9
Q11: The following information relates to Questions 9
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