Concept Introduction:
Quick Ratio: Quick ratio is the ratio of quick assets with current liabilities, it tells about the liquidity of the company/ business. Best possible quick ratio is 1:1.
Requirement-1:
To Calculate:
Current ratio and quick ratio.
Concept Introduction:
Current Ratio: Current ratio is the ratio of current assets with current liabilities it tells about the how much company strong to meet its day to day expenses. Best current ratio is 2:1.
Quick Ratio: Quick ratio is the ratio of quick assets with current liabilities it tells about the liquidity of the company/ business. Best possible quick ratio is 1:1.
Requirement-2:
To Indicate:
What Conclusion from above ratios?
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Chapter 9 Solutions
CengageNOWv2, 1 term Printed Access Card for Warren's Survey of Accounting, 8th
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