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Liquidity
Quiz
•
Business
•
12th Grade - University
•
Easy
Mekhala Suriyarachchige
Used 4+ times
FREE Resource
5 questions
Show all answers
1.
OPEN ENDED QUESTION
2 mins • 1 pt
What is Liquidity ?
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2.
OPEN ENDED QUESTION
2 mins • 1 pt
What is the formula for Current Ratio ?
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3.
OPEN ENDED QUESTION
2 mins • 1 pt
What is the formula for Acid test ratio ?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Why inventory is not considered as current asset when calculating Acid test ratio ?
Briefly explain.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
If a business had following financial information for year 2022, calculate Current ratio & Acid test ratio.
Current assets - $ 100
Current Liabilities - $75
Inventory - $30
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