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An advantage of performance-based assessments over objective tests is that they
Acid-Test Ratio
A financial metric that measures a company's ability to meet its short-term obligations with its most liquid assets.
Working Capital
Current assets less current liabilities.
Current Ratio
A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets.
Marketable Securities
Short-term investments that are easily convertible into cash, typically within one year.
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