A measure of the ability of an entity to pay all of its current liabilities if they come due immediately is the:

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The quick ratio, also known as the acid-test ratio, focuses on the ability of an entity to pay off its current liabilities with its most liquid assets. It excludes inventory from the calculation since inventory takes time to convert into cash. A quick ratio of 1 or higher is generally considered favorable.

A Measure of the Ability of an Entity to Pay