Multiple Choice
Which of the following the correct formula for calculating acid test ratio?
A) Acid test ratio = (Current assets - Inventory) / Current liabilities
B) Acid test ratio = (Current assets - Interest expense) / Current liabilities
C) Acid test ratio = (Current assets - Current liabilities) / Current liabilities
D) Acid test ratio = Current assets / Current liabilities
Correct Answer:
Verified
Correct Answer:
Verified
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