Economics · Financial Accounting
The quick (acid-test) ratio is primarily used as a measure of which financial aspect, and how are inventories handled within its calculation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Profitability; inventories are included in current assets
- 2Gearing; inventories are excluded from current assets
- 3Liquidity; inventories are included in current assets
- 4Liquidity; inventories are excluded from current assets✓
Correct answer
Liquidity; inventories are excluded from current assets
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