All of the following accounts would typically be used to calculate the quick ratio except:
A)cash.
B)equipment.
C)accounts payable.
D)accounts receivable.
E)None of the answer choices is correct.

Question

Quizplus · Accepted Answer

Equipment is a long-term asset and not considered in the quick ratio calculation, which only includes current assets. Cash, accounts receivable, and accounts payable are all current assets and liabilities, respectively, and are included in the quick ratio calculation.

All of the Following Accounts Would Typically Be Used to Calculate