Multiple Choice
Which of the following statements regarding the quick ratio is not true?
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
Q71: Starwood Corporation has current assets of $200,000,total
Q72: The Poole Company reported the following income
Q73: Assume that you are considering purchasing some
Q74: The accounting profession assumes that financial statement
Q75: The accounts receivable turnover ratio can be
Q77: Which of the following statements regarding the
Q78: Solvency ratios are used to analyze the
Q79: Which of the following statements regarding net
Q80: Benson Company received cash of $1,000,000 from
Q81: Long-term creditors are usually most interested in