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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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A firm’s quick ratio is typically computed as:

a. (Cash + Marketable Securities - Accounts Receivable) + Current Liabilities.

b. Total Liabilities Ă· Total Assets.

c. Current Liabilities + Current Assets.

d. Current Assets Ă· Current Liabilities.

To determine

A firms quick ratio is computed.

Explanation

Quick ratio calculated as follows:

Quick ratio = (Cash + Marketable Securities + Accounts Receivables) / Current Liabilities

It is the more conservative ratio as it does not include all the items that are used in the current ratio...

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