Select the incorrect statement regarding the quick ratio: a) The quick ratio is also known as the acid-test ratio. b) The quick ratio is a conservative variation of the current ratio. c) The quick ratio equals quick assets divided by total liabilities. d) The quick ratio ignores some current assets that are less liquid than others.

Select the incorrect statement regarding the quick ratio: a) The quick ratio is also known as the acid-test ratio. b) The quick ratio is a conservative variation of the current ratio. c) The quick ratio equals quick assets divided by total liabilities. d) The quick ratio ignores some current assets that are less liquid than others.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 18DQ

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