Examlex

Solved

The Acid-Test Ratio Is Found by Dividing Inventory by Cost

question 31

True/False

The acid-test ratio is found by dividing inventory by cost of goods sold.


Definitions:

Accurate

Describes something that is exact and free from errors.

Cent

A monetary unit in various countries, equal to one hundredth of a base currency like the US dollar or the Euro.

Accurate

The quality of being correct or precise, without errors or mistakes.

Cent

A monetary unit in various countries, equal to one-hundredth of a base currency unit.

Related Questions