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    Exam 23: Financial Statement Analysis
  5. Question
    The Acid-Test Ratio, Also Called the Quick Ratio, Is a Measure
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The Acid-Test Ratio, Also Called the Quick Ratio, Is a Measure

Question 53

Question 53

True/False

The acid-test ratio, also called the quick ratio, is a measure of a company's immediate liquidity and includes only liquid assets that can be quickly converted to cash.

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