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    Fundamental Accounting Principles Study Set 7
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    Exam 7: Internal Control and Cash
  5. Question
    The Acid-Test Ratio
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The Acid-Test Ratio

Question 116

Question 116

Multiple Choice

The acid-test ratio:


A) Measures liquidity.
B) Measures profitability.
C) Is also called the quick ratio.
D) Is also called the quick ratio and measures liquidity.
E) All of these answers are correct.

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