A is the formula for the quick ratio (acid test)

Name: Series 7 - General Securities Representative Exam
SKU: 2-series-7-2024
Price: 39 USD
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ISBN: isbn:series-7-2024

Series 7 - General Securities Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

An acid test ratio is usually used to test a company's liquidity. Which of the following is the formula for an acid test?

( Current Assets - Inventory ) / Current Liabilities

Inventory / ( Current Assets - Current Liabilities )

Cash / Current Liabilities

Fixed Assets / Fixed Liabilities