If you were given the components of current assets and of current liabilities, what ratio(s)could you calculate?
A)Acid-test or quick ratio
B)Average collection period
C)Inventory turnover ratio
D)Capital structure ratio

Question

Quizplus · Accepted Answer

The acid-test or quick ratio can be calculated using current assets and current liabilities, as it measures a company's ability to meet its short-term obligations with its most liquid assets.

If You Were Given the Components of Current Assets and of Current