If you have a total assets of 100 and 25% is inventory, what is the Quick ratio if current liability is 100?Select one:a.2.00b.0.75c.1.25d.0.25
Question
Solution 1
The Quick Ratio, also known as the Acid-Test Ratio, is a liquidity ratio that measures the ability of a company to pay off its current liabilities without relying on the sale of inventory. It is calculated as follows:
Quick Ratio = (Current Assets - Inventory) / Current Liabilities
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