Which of the following statements regarding the quick ratio is not true?
A) The quick ratio is also known as the acid-test ratio.
B) The quick ratio ignores some current assets that are less liquid than others.
C) The quick ratio is a conservative variation of the current ratio.
D) The quick ratio equals quick assets divided by total liabilities.
Correct Answer:
Verified
Q14: The study of an individual financial statement
Q15: Which of the following statements regarding horizontal
Q16: Financial ratios can be used to assess
Q17: Darden Company has cash of $40,000,accounts receivable
Q18: Current financial reporting standards assume that users
Q20: Which of the following is (are)objective(s)of ratio
Q21: The following balance sheet information is provided
Q22: Solvency ratios are used to assess a
Q23: The following balance sheet information was provided
Q24: You are considering an investment in IBM
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