The Quick Ratio, Also Known as the _____, Is a More

question 26

Short Answer

The quick ratio, also known as the _____, is a more stringent version of the current ratio that recognizes that inventory is the least liquid of all current assets.

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Definitions:

Condition Precedent

A legal term describing a condition that must be fulfilled before a contract or agreement becomes effective or before a party is obligated to perform.

Harvard Medical School

A globally prestigious medical school located in Boston, Massachusetts, known for its research, teaching, and clinical care.

Illusory

Something that appears real or possible but is neither, often due to being deceptive or misleading.