Omega Supply's current ratio is 2 to 1.Its acid test ratio is .75 to 1.Omega Supply is a good credit risk because the ratios reveal no liquidity problem.
Correct Answer:
Verified
Q2: The acid-test ratio is also called the
Q44: Internal control procedures:
A) Eliminate the risk of
Q47: The acid-test ratio is a more accurate
Q48: Z-Mart's quick assets are $147,000.With current liabilities
Q50: The common rule of thumb is that
Q51: Cash,short-term investments and receivables,are called acid-test assets.
Q54: Quick assets include cash,inventory,and receivables.
Q59: An error made by the bank should
Q60: The acid-test ratio is current assets divided
Q60: The steps to reconcile the balance of
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