Multiple Select Question

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Which of the following statements are correct regarding the quick ratio? $($Check all that apply.$)$

The quick ratio provides the same information as the current ratio.

A quick ratio of less than $1\mathrm{.}0$ would indicate that a business's debt can be easily paid off with current assets.

A quick ratio of less than $1\mathrm{.}0$ could indicate that a company may have a problem paying off short term debt.

a favourable quick ratio falls between $1\mathrm{.}5$ and $2\mathrm{.}0.$

The quick ratio is a more robust measure of liquidity because it excludes the less liquid assets such as inventory and prepaid assets.

The quick ratio is one measure of a company's ability to pay its short$-$term debts.