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Title: Which statement below best describes the quick (acid test) ratio? Post by: upton on Jun 6, 2017 Which statement below best describes the quick (acid test) ratio?
A) The acid test adds merchandise inventory and prepaid expenses in the computation of current assets. B) The acid test ratio considers only the most liquid assets: cash, accounts receivable, and temporary investments. C) The current ratio includes only the assets most easily converted into cash. D) None of these answers is correct. Title: Re: Which statement below best describes the quick (acid test) ratio? Post by: Augustis on Jun 6, 2017 Content hidden
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