The _________ is a measure of liquidity which excludes _________, generally the least liquid asset.
A. current ratio; accounts receivable
B. quick ratio; accounts receivable
C. current ratio; inventory
D. quick ratio; inventory
Answer:D
The _________ is a measure of liquidity which excludes _________, generally the least liquid asset.
A. current ratio; accounts receivable B. quick ratio; accounts receivable C. current ratio; inventory D. quick ratio; inventory