The acid test ratio includes marketable securities but does not include accounts receivable.

Name: The acid test ratio includes marketable securities but does not include accounts receivable.
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The acid test ratio, also known as the quick ratio, includes both marketable securities and accounts receivable, along with cash and cash equivalents, divided by current liabilities. It is designed to measure a company's ability to cover its short-term liabilities with its most liquid assets.

The Acid Test Ratio Includes Marketable Securities but Does Not