asked 133k views
3 votes
The acid-test ratio differs from the current ratio in that it​

1 Answer

1 vote

The current ratio uses the total amount of all of the current assets. The acid test ratio uses only the following current assets, which are considered to be quick assets: cash and cash equivalents, short-term marketable securities, and accounts receivable (net of the allowance for uncollectible accounts). Hope this helps...

answered
User AllBlackt
by
8.0k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.