Question: Inventory Days Ratio The quick ratio, also known as the acid - test ratio, measures the ability of a business to pay its short -

Inventory Days Ratio
The quick ratio, also known as the acid-test ratio, measures the ability of a business to pay its short- term liabilities.
Which current asset or liability is omitted from this ratio?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!