Question 2 The quick acid test ratio includes the following

Question 2 The quick acid test ratio includes the following components except O accounts receivable O marketable securities cash prepaid assets 4 Previous

Solution

The quick acid test ratio cover cash & cash equivalents , account receivable and marketable securities except Prepaid asset.

Quick ratio is the ratio to assess the company\'s ability to pay current liability in short term.

And prepaid assets are the assets for which we have already made payment in advance sl we cant use them to settle any current liability.

Hope this will help you.

Good Luck !??