‘Quick’ assets, as used in the quick ratio, does not include:Group of answer choicesaccounts payableaccounts receivablecashmarketable securities
Question
‘Quick’ assets, as used in the quick ratio, does not include:Group of answer choicesaccounts payableaccounts receivablecashmarketable securities
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Solution 1
The term 'Quick' assets, as used in the quick ratio, does not include:
- Accounts Payable: This is because accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier or vendor. They are liabilities, not assets, and therefore are not included in the Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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