Financial and Managerial Accounting (Looseleaf) (Custom Package)
Financial and Managerial Accounting (Looseleaf) (Custom Package)
6th Edition
ISBN: 9781259754883
Author: Wild
Publisher: MCG
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Chapter 13, Problem 3MCQ
To determine

Acid test ratio:

Acid test ratio is that ratio which tells about the liquidity of the firm. It shows the ability of the firm to pay off its liabilities through liquid assets. Those assets which can be converted into cash within the 90 days are called quick assets.

Acid test ratio.

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