tests.mettl.com/test-window/f55ac827#/testWindow/0/16/1EYAccounting Assessment OTotal 00:54.47Finish TestSection 1 of 1 Section #1 v101112131415161718192017 of 45All243Question # 17G RevisitChoose the best optionWhich of the following formula best describes the acid test or quick ratio?Current assets: Current liabilities.Debtors: CreditorsO (Current assets stock) Current liabilities.O Current assets: (Current liabilities - bank overdraft).Frev CuestonNext Question+91-82878-03040Zaineh | Support +1-650-924-9221metil413 PM1/16/2021Type here to search

Acid test ratio = Quick assets / Current liability where, Quick assets = Current assets - Stock

Question # 17 O Revisit Choose the best option Which of the following formula best describes the acid test or quick ratio? O Current assets: Current liabilities. O Debtors: Creditors O (Current assets - stock): Current liabilities. O Current assets: (Current liabilities - bank overdraft).

Question # 17 O Revisit Choose the best option Which of the following formula best describes the acid test or quick ratio? O Current assets: Current liabilities. O Debtors: Creditors O (Current assets - stock): Current liabilities. O Current assets: (Current liabilities - bank overdraft).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Types of Money Market Instruments

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tests.mettl.com/test-window/f55ac827#/testWindow/0/16/1
EY
Accounting Assessment O
Total 00:54.47
Finish Test
Section 1 of 1 Section #1 v
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Question # 17
G Revisit
Choose the best option
Which of the following formula best describes the acid test or quick ratio?
Current assets: Current liabilities.
Debtors: Creditors
O (Current assets stock) Current liabilities.
O Current assets: (Current liabilities - bank overdraft).
Frev Cueston
Next Question
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Zaineh | Support +1-650-924-9221
metil
413 PM
1/16/2021
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