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There are two key ratios that the textbook focuses on, current ratio and acid test ratio. What does acid test ratio exclude? And what are the main

There are two key ratios that the textbook focuses on, current ratio and acid test ratio. What does acid test ratio exclude? And what are the main three main components of quick assets?

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Current ratio is the liquidity ratio used to measure the ability of company to pay its short term and long term obligations... View the full answer

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Acid test ratio will exclude inventory, supplies and prepaid expenses... View the full answer

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