The acid-test (quick) ratio A. relates cash, short-term investments, and net receivables to current liabilities. B. is calculated by taking one item from the income statement and one item from the balance sheet. C. is used to quickly determine a company's solvency and long-term debt paying ability. D. is the same as the current ratio except it is rounded to the nearest whole percent.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The acid-test (quick) ratio A. relates cash, short-term investments, and net receivables to current liabilities. B. is calculated by taking ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Identify the research question that involves an inference about a difference between two population means. 1. Is the average amount of financial aid received in a year by community college students greater than $2,600? 2.
Answers (1)
The B&T Company's production costs for May are: direct labor, $14,000; indirect labor, $6,600; direct materials, $15,100; property taxes on production facility, $810; factory heat, lights and power, $1,010; and insurance on plant and equipment, $210.
Answers (1)
Generally the preferred method of making decisions within an organization is the
Answers (1)
Moses is working on a kibbutz in Israel where all the members have the same standard of living and they equally divide the profits from the citrus crop that is the primary source of income for the community.
Answers (1)
The following information was obtained from MCB Manufacturing, Inc.:Advertising Costs $9,900Indirect Labor 53,000CEO's Salary 620,000Direct Labor 40,000Indirect Materials Used 7,500Direct Materials Used 65,000Factory Utilities 760Factory Janitorial
Answers (1)
New Questions in Business
In the language of macroeconomics, investment refers to Select one: a. saving. b. the purchase of new capital. c. the purchase of stocks, bonds, or mutual funds. d. All of the above are correct.
Answers (1)
A problem that initially hindered the marketability of mortgages in a secondary market was that they were not standardized.
Answers (1)
Suppose that a manufacturer has one major buyer who orders its EOQ of 20,000 units about once per month. Annual demand is 240,000 units. The manufacturer has a setup cost of $180 per order and a holding cost per unit of $10.
Answers (1)
The result of an inventory stockout usually results in a. a decrease in prices. b. an increase in lost sales. c. an increase in net profit. d. an increase in inventory costs. e. an increase in loyal customers.
Answers (1)
What is double entry bookkeeping?
Answers (2)