Other symbols, whichare not universally recognized, may be used, subjectto approval by the Office, if they are not likely to be 27. A Guide To Filing A Design Patent ApplicationUnited States Patent and Trademark Office 28 confused with existing conventional symbols, and ifthey are readily identifiable.(o) Legends.
Quick ratio is calculated by dividing liquid current assets by total current liabilities. Liquid current assets include cash, marketable securities and receivables.
Quick ratios should be greater than one to ensure the company can meet its debt obligations. For example, say that of the company's $3 million in current assets, $800,000 is inventory and prepaid expenses. To figure the quick ratio, divide $2.2 million by $1.5 million of current liabilities to get a quick ratio of 1.47.