Multiple Choice
Which of the following statements regarding the quick ratio is incorrect?
A) The quick ratio is also known as the acid-test ratio.
B) The quick ratio ignores some current assets that are less liquid than others.
C) The quick ratio is a conservative variation of the current ratio.
D) The quick ratio equals quick assets divided by total liabilities.
Correct Answer:

Verified
Correct Answer:
Verified
Q34: The return on investment measure is also
Q44: Profitability ratios attempt to assess the company's
Q55: Financial statement analysis involves forms of comparison
Q62: While horizontal analysis examines one item over
Q81: Long-term creditors are usually most interested in
Q93: Which of the following statements regarding the
Q95: The Poole Company reported the following
Q100: Indicate whether each of the following statements
Q101: Denver Corporation and Cheyenne Company are in
Q102: Indicate whether each of the following statements