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T/F: The acid-test ratio measures a company's liquidity by excluding inventory from current assets.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 32GI

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T/F: The acid-test ratio measures a company's liquidity by excluding inventory from current assets.

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