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Home Q & A Board Other Fields Homework Help Business Accounting
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Fast2F Fast2F
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6 years ago
An acid test (quick) ratio of 0.75 to 1 would indicate:
A) a ratio that would not allow a company to pay off all current liabilities with quick assets.
B) for every $0.75 of short-term debt there is $1.00 of quick assets to meet short-term obligations.
C) for every $1 of current assets there is $0.75 of short-term debt.
D) Both A and B are correct.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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OmpaOmpa
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#1
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6 years ago
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Fast2F Author
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6 years ago
Smart ... Thanks!
kiara23247843
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Yesterday
Good timing, thanks!
ofsuahasiufhoas
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2 hours ago
This site is awesome
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