Acid Test Ratio Example: Enterprise XYZ has a closing stock of 30,000 while its prepaid expenses...

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Acid Test Ratio Example: Enterprise XYZ has a closing stock of 30,000 while its prepaid expenses are 5000. What will be its quick assets ratio if the current assets are wort 255000 while current liabilities are worth 150002 Acid Test Ratio Example: Enterprise XYZ has a closing stock of 30,000 while its prepaid expenses are 5000. What will be its quick assets ratio if the current assets are wort 255000 while current liabilities are worth 150002

Answer rating: 100% (QA)

To calculate the quick assets ratio also known as the acid test ratio we need to conside... View the full answer