3.Which of the following is the most desirable quick ratio?

a. 0.95

b. 0.50

c. 1.00

d. 1.20

4. A current liability is a debt that is reasonably expected tobe paid

a. between 6 and 18 months

b. out of currently recognized revenues

c. out of cash currently on hand

d. within one year

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3 The quick ratio also called the acid test ratio measures a compa... View the full answer