Mastery card
I can explain Quick Ratio
Like current ratio, but ignoring inventory that might not sell fast.
The quick ratio (acid-test) is (current assets minus inventory) divided by current liabilities.
Sticky trick
Quick ratio = (Current assets − Inventory) ÷ Current liabilities.
Take into the room
In plain English, what is Quick Ratio?
Or open the share card ⚡
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