An acid-test ratio of at least 1.0 is generally considered safe.
Correct Answer:
Verified
Q80: A six-month bill receivable for $6000 at
Q81: The accounts receivable turnover ratio measures:
A)how many
Q83: The acid-test ratio is calculated as current
Q84: What is the acid-test ratio for
Q86: A company has net credit sales of
Q87: The days' sales in receivables measures:
A)how many
Q89: Which of the following describes the key
Q90: The acid-test ratio measures:
A)how many days it
Q143: The number of times per year a
Q217: The acid-test ratio is also known as
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents