Rr.22. Which of the following is an example of a "quick asset" for purposes of applying the acid-test or quick ratio? (Check all that apply)   a. inventory b. cash c. land d. prepaid rent e. current investments f. accounts receivable

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 20MCQ
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Rr.22.

Which of the following is an example of a "quick asset" for purposes of applying the acid-test or quick ratio? (Check all that apply)

 

a. inventory

b. cash

c. land

d. prepaid rent

e. current investments

f. accounts receivable

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