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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

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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
10
11
12
13
14
15
16
17
18
19
20
17 of 45
All
2
43
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
+91-82878-03040
Zaineh | Support +1-650-924-9221
metil
413 PM
1/16/2021
Type here to search

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