The quick ratio is the most widely used liquidity ratio.

Name: The quick ratio is the most widely used liquidity ratio.
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The current ratio is actually the most widely used liquidity ratio, which measures the company's ability to pay off its short-term liabilities with its current assets. The quick ratio, also known as the acid-test ratio, is another liquidity ratio that is more stringent than the current ratio as it excludes inventory in its calculation.

The Quick Ratio Is the Most Widely Used Liquidity Ratio