Practicing Success
Liquid Assets means which of the following? |
Current Assets – Prepaid Expenses Current Assets – Inventory + Prepaid Expenses Current Assets – Inventory – Prepaid Expenses Current Assets – Inventory |
Current Assets – Inventory – Prepaid Expenses |
The quick ratio, also known as the "Acid-Test Ratio," is a financial metric that measures a company's short-term liquidity and its ability to meet immediate financial obligations without relying on the sale of inventories. |