The quick acid test ratio contains all of the following except:
A) cash
B) accounts receivable
C) marketable securities
D) prepaid assets

Name: The quick acid test ratio contains all of the following except: A) cash B) accounts receivable C) marketable securities D) prepaid assets
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Question

Quizplus · Accepted Answer

The quick acid test ratio includes all of the following except prepaid assets. The reason is that prepaid assets do not easily become cash and cannot be converted into cash or marketable securities if the need arises.

The Quick Acid Test Ratio Contains All of the Following