menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 1
  4. Exam
    Exam 9: Receivables
  5. Question
    The Higher the Acid-Test Ratio,the Less Able the Business Is
Solved

The Higher the Acid-Test Ratio,the Less Able the Business Is

Question 152

Question 152

True/False

The higher the acid-test ratio,the less able the business is to pay its current liabilities.

Correct Answer:

verifed

Verified

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

Related Questions

Q147: The use of the allowance method to

Q148: Which of the following is a disadvantage

Q149: The following information is from the

Q150: Accounts Receivable has a balance of $33,000,and

Q151: Businesses must maintain a single Accounts Receivable

Q153: On November 1,2018,Downtown Jewelers accepted a 3-month,15%

Q154: Because customers make payments on account throughout

Q155: At the beginning of 2019,Patriots Company has

Q156: Under the direct write-off method,which of the

Q157: A & B Commercial Cleaning is a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines