Liquidity
Authored by Mekhala Suriyarachchige
Business
12th Grade - University
Used 4+ times
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5 questions
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1.
OPEN ENDED QUESTION
2 mins • Ungraded
What is Liquidity ?
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2.
OPEN ENDED QUESTION
2 mins • Ungraded
What is the formula for Current Ratio ?
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3.
OPEN ENDED QUESTION
2 mins • Ungraded
What is the formula for Acid test ratio ?
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4.
OPEN ENDED QUESTION
3 mins • Ungraded
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 • Ungraded
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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