Solved

Select the Incorrect Statement Regarding the Quick Ratio

Question 124

Multiple Choice

Select the incorrect statement regarding the quick ratio:


A) The quick ratio equals quick assets divided by total liabilities.
B) The quick ratio is also known as the acid-test ratio.
C) The quick ratio is a conservative variation of the current ratio.
D) The quick ratio ignores some current assets that are less liquid than others.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions