The Quick Ratio Is Similar to the Current Ratio in That

question 49

True/False

The quick ratio is similar to the current ratio in that it is also a measure used to evaluate whether a company can pay its current liabilities.

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Definitions:

Magnetic Disks

Data storage devices that use magnetic storage to record and retrieve digital information using one or more rotating disks.

Optical Storage Devices

A form of secondary storage in which a laser reads the surface of a reflective plastic platter.

Primary Storage

The main area in a computer where data is stored for quick access by the CPU, often referred to as RAM (Random Access Memory).

Cache Memory

A small, faster type of volatile computer memory that provides high-speed data access to a processor and stores frequently used computer programs, applications, and data.